McqMate
| Q. |
In Contractual Phase |
| A. | the buyer and seller are concerned with the gathering of market intelligence. |
| B. | a formal relationship is established between buyer and seller, including terms and conditions to be applied to transactions under the contract. |
| C. | this involves the placement and processing of purchase orders (or, in contractual terms, an offer), and acknowledgement by the seller of its preparedness to deliver (in contractual terms, an acceptance). |
| D. | deals with the delivery of goods and/or the performance of services. In addition, some post-delivery functions may be involved, in particular inspection, and acceptance or rejection. |
| Answer» B. a formal relationship is established between buyer and seller, including terms and conditions to be applied to transactions under the contract. | |
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