Which of the Following Statements Supports Multiple Sourcing

question 10

Multiple Choice

Which of the following statements supports multiple sourcing:

• A)an ongoing long-term contract exists with a preferred supplier.
• B)supply is plentiful and supply assurance is important.
• C)there is a patent involved.
• D)the order is small.
• E)concerns exist about supplier capacity for future volume.

Evaluate the impact of external factors, such as technological advancements and occupational trends, on labor demand.

Understand the implications of fixed proportions in the use of labor and capital on the demand for labor.

Understand the factors that cause shifts in labor demand.

Comprehend the impact of technological changes on labor demand and productivity.

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Definitions:

Contestable Markets

Markets where entry and exit are costless or very low, making the market susceptible to potential competition.

Differentiates Oligopoly

A characteristic of oligopoly markets where few firms dominate and each firm tries to distinguish its product or service from those of competitors.

Contestable

A market characteristic where there are no barriers to entry or exit, allowing potential competition to challenge existing firms, keeping prices competitive.

Market

A market is any structure that allows buyers and sellers to exchange any type of goods, services, and information.