Functional Silos Refers To

question 16

Multiple Choice

Functional silos refers to:

• A) product storage for physical supply.
• B) the non communication between customers and vendors.
• C) a technique to secure corporate marketing strategies.
• D) lack of coordination between departments.

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Definitions:

External Costs

Costs that are not borne by the producers or consumers directly involved in a transaction but are imposed on other parties or the environment.

True Cost

Encompasses all the economic, environmental, and social costs associated with the production and consumption of a good or service.

Resource

Raw materials, labor, capital, and other inputs used in the production of goods and services.

External Benefits

Benefits of a good or service that are not captured by the market price and are received by third parties.