Activity 1

Buyers are persons who agree to purchase finished products or services.

• AGREE

• DISAGREE

Sellers should not provide warranty for the products that they will sell.

• AGREE

• DISAGREE

Sellers are persons who transfer goods and provide services in exchange for money.

• AGREE

• DISAGREE

Sellers should make business fairly of the buyers.

• AGREE

• DISAGREE

There are discounts when short-term relationships are established and there is more flexibility in the schedule of payments.

• AGREE

• DISAGREE

Providing warranty to buyers is a right of the sellers.

• AGREE

• DISAGREE

Short-term relationships involve regular purchase based on agreement that had been established for transactions over a longer period of time.

• AGREE

• DISAGREE

Buyers obtain goods at the lowest and reasonable costs.

• AGREE

• DISAGREE

Long- term agreements give the buyers the options to go from one supplier to another for their next purchase.

• AGREE

• DISAGREE

Entering into long-term contracts may involve accurate forecasts about the future performance and needs of both businesses.

• AGREE

• DISAGREE