Which of These Qualities BEST Explains Why a Specialty Shop

question 93

Multiple Choice

Which of these qualities BEST explains why a specialty shop is classified as a local business?

• A)It is not able to borrow funds for expansion.
• B)It accepts cash, checks, and credit cards as forms of payment.
• C)It is a one-of-a-kind operation and relies on local consumers to generate business.
• D)It sells only products that are made locally.

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Definitions:

Monitor Supply Chain

The process of overseeing and managing the flow of goods, information, and finances as they move from supplier to manufacturer to wholesaler to retailer to consumer.

Corrective Actions

Steps taken to eliminate causes of existing nonconformities or undesirable situations to prevent recurrence.

Technological Capabilities

The skills, knowledge, tools, and processes that an organization possesses, which enable it to leverage technology effectively for competitive advantage.