Standard terms and conditions should become the governing terms for which group of items?
A.
Leverage items
B.
Bottleneck items
C.
Strategic items
D.
Routine items
The Answer Is:
D
This question includes an explanation.
Explanation:
Standard terms and conditions are set of terms that is prepared by an organisation. These terms can become the governing terms in low-value, low-risk transactions (or Routine items accordingto Kraljic's portfolio model). They can be a reference when negotiating for more important contract.
[Reference: CIPS study guide page 132-139, LO 3, AC 3.1, ]
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