Question

Which of the following should be included in vendor agreements?

• A. Supplier marketing strategies
• B. Lead times, warranty, and penalties for delays
• C. Employee performance reviews
• D. Competitive analysis reports

Answer 1

Answer:

B. Lead times, warranty, and penalties for delays

Vendor agreements should include relevant contractual terms such as lead times, warranty conditions, defect management procedures, and penalties for delays or quality issues to ensure clarity and accountability.