Bill Designs and Maintains the Inventory Management Software That His

question 67

Multiple Choice

Bill designs and maintains the inventory management software that his coworker John uses when customers call the company to place an order for merchandise.Bill is John's ____________.

• A)internal customer
• B)external customer
• C)internal supplier
• D)external supplier

---

Definitions:

Rival

An entity engaged in competition for the same objective or for superiority in the same field.

Public Good

Goods that are non-excludable and non-rivalrous, meaning that individuals cannot be effectively excluded from use and where use by one individual does not reduce availability to others.

Nonexcludable

Nonexcludable goods are those that cannot feasibly or reasonably be kept from individuals who do not pay for them, one of the characteristics of public goods.

Nonrival

A characteristic of a good whereby one person's consumption does not prevent or decrease the ability of others to enjoy it as well.