If Suppliers Are Unreliable or Too Costly,which of These Strategies

question 7

Multiple Choice

If suppliers are unreliable or too costly,which of these strategies may be appropriate?

• A)Concentric diversification
• B)Forward integration
• C)Backward integration
• D)Horizontal integration
• E)Market penetration

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Definitions:

Federal Government

The national government of a federal state, which shares sovereignty with the constituent states or provinces and is typically responsible for national defense, foreign policy, and regulating inter-state commerce.

Equilibrium Price

The market price at which the quantity of a good demanded equals the quantity supplied, leading to market equilibrium.

Demand Curve

A graph showing the relationship between the price of a good and the quantity demanded, typically downward-sloping due to the law of demand.

Surplus

The excess of supply over demand in a market, typically resulting in downward pressure on prices.