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ABC Textiles, Inc. manufactures cloth and buys the chemical dyes for its use from XYZ Chemical,...

ABC Textiles, Inc. manufactures cloth and buys the chemical dyes for its use from XYZ Chemical, Inc., in turn buys uniform material for its employees from ABC Textiles, Inc. This scenario highlights a specific business practice known as _______.

A.

reciprocity
B.

trust
C.

reselling
D.

relationship commitment
business   finance   
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Answer #1

Reciprocity - is the practice of exchanging things with others for mutual benefit. In the given instance, ABC Textiles, Inc. manufactures cloth and buys the chemical dyes for its use from XYZ Chemical, Inc., in turn buys uniform material for its employees from ABO Textiles, Inc. It is a clear instance of Reciprocity. Trust is a firm belief of reality or truth. Reselling sell (something one has bought) to someone else. Relationship commitment is an interpersonal relationship based upon a mutually agreed-upon commitment to one another involving love, trust, honesty. So answer is Option a)

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