Which of the Following Factors Determine Supply Risk for an Item

question 75

Multiple Choice

Which of the following factors determine supply risk for an item?

• A)Lack of qualified sources
• B)Raw material scarcity
• C)Lack of substitutes
• D)All of the above
• E)Only A and C above

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Definitions:

Local Monopoly

A market structure wherein a single firm dominates the market in a particular geographic area, often due to the absence of viable competitors.

Demand Graphs

Visual representations used to show the relationship between the price of a good and the quantity demanded over a certain period.

Weekend Demand

The level of consumer need or interest for products or services during the weekend period.

Price Discriminating

A pricing strategy where a seller charges different prices for the same product or service to different customers based on their willingness to pay.