ENTREPRENEURSHIP

Detailed explanation-1: -Three theories will form the basis of the study namely; transaction cost theory, social exchange theory and Resource based view (RBV). The Buyer-Supplier Relationships Management can be termed as a connection formulated so as to attain enhanced communication between the supplier and the buyer.

Detailed explanation-2: -Economists generally lump together the quantities suppliers are willing to produce at each price into an equation called the supply curve. The higher the price, the more suppliers are likely to produce. Conversely, buyers tend to purchase more of a product the lower its price.

Detailed explanation-3: -When the price of a good rises, the supplier increases the supply in order to earn a profit because of higher prices. The above diagram shows the supply curve that is upward sloping (positive relation between the price and the quantity supplied).