Which of the Following Is Most Likely a Final Good

question 146

Multiple Choice

Which of the following is most likely a final good?

• A)wheat
• B)crude oil
• C)steel
• D)cotton
• E)a laptop computer

Recognize the significance of alignment, relationships, and collaboration in successful supply chain management.

Identify and analyze the various types of collaborations and their impact on supply chain efficiency.

Understand the process model for forming and sustaining successful supply chain relationships.

Grasp the concept of core competency and its impact on strategic outsourcing decisions.

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Definitions:

Local Phone Company

A telecommunications provider that offers services within a specific geographic area, typically handling local calls and access.

Monopolistic Competitor

A firm that operates in a market structure characterized by many competitors offering products or services that are similar but not identical, allowing for some degree of market power.

Long Run

A period in which all factors of production and costs are variable, allowing for full adjustment to changes.

Excess Capacity

Excess Capacity refers to a situation where a company can produce more goods than the market demands, often leading to unused resources.