Question

Gill’s Bakery has been buying flour from the same supplier for years. But due to recent price hikes, Gill’s decides to switch to another supplier that is offering the same quantity and quality of flour at a reduced price. Which of the following best describes the buying situation that has occurred?

Select one:
a. New buy
b. Reverse auction
c. Modified rebuy
d. Straight rebuy

Answer 1

C

Step-by-step explanation:

A Modified Rebuy is when a person who usually buys a product from a particular supplier changes his supplier or other elements of his purchase when reordering.