Which of the Following Fosters Specialization and Worldwide Supply Chains

question 15

Multiple Choice

Which of the following fosters specialization and worldwide supply chains?

• A) more expensive transportation
• B) instant communication
• C) economies of scope
• D) managers with a broad knowledge of many things
• E) high trade tariffs

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Definitions:

Cutthroat Competitors

Businesses or individuals that engage in aggressive competition, using tactics that may include undercutting prices or other practices considered harsh or unfair.

Industry

A sector of the economy that produces goods or services, often classified into primary, secondary, and tertiary sectors.

Firms

Businesses or organizations that produce goods or provide services, typically with the objective of making a profit.

Industry

A category of economic activity related to the production of goods, provision of services, or extraction of resources.