Explain the term opportunism with respect to business relationships
What will be an ideal response?
When buyers cannot easily monitor supplier performance, the supplier might shirk or cheat and not deliver the expected value. Opportunism is "some form of cheating or undersupply relative to an implicit or explicit contract." It may entail blatant self-serving and deliberate misrepresentation that violates contractual agreements.
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Regarding customer satisfaction surveys:
A) should be administered to every customer or else the data will be distorted. B) the most important thing is what you do with customer responses. C) the more frequent the better. D) should be loosely worded so that the customer can express himself or herself.
On-campus interviews ________
A) are always conducted by the same recruiters who represent companies at career fairs B) are never conducted by actual hiring managers from companies C) rarely use the traditional one-on-one format D) are generally of a duration of 10 minutes or less E) may only be available for students who are registered with the school career center