which of the following involves a seller agreeing to supply all of a buyer's needs, or a buyer agreeing to purchase all of a seller's output, or both?

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Output contracts involves a seller agreeing to supply all of a buyer's needs, or a buyer agreeing to purchase all of a seller's output, or both.

What is Output contracts?

A producer and buyer enter into an agreement known as an output contract whereby the producer agrees to sell the buyer their entire production, and the buyer agrees to buy the full output. An output contract, also known as an entire-output contract, is a sort of agreement that is frequently seen in agriculture or energy legislation that calls for the buyer to purchase the seller's whole output of a certain good or service.

An output contract may be enforced in court.

Because the parties to the contracts actually limit their options, requirement and output contracts are enforceable today. In a requirement contract, the buyer is required to purchase all of the products from the seller if he wants to purchase any of them.

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