Which of the Following Would Tend to Increase the Importance

question 59

Multiple Choice

Which of the following would tend to increase the importance of supply chain management?

• A)increased supply chain stability
• B)lower levels of outsourcing
• C)reduced competitive pressures
• D)increased globalization
• E)greater emphasis on local markets

Recognize the importance of pricing objectives in the marketing strategy.

Identify the effects of tariffs on international price competitiveness.

Understand legal and ethical considerations in pricing, including the implications of price discrimination.

Describe the process of setting prices and the factors that influence pricing decisions.

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Definitions:

Employee

An individual who works part-time or full-time under a contract of employment, providing their services in exchange for compensation.

Independent Contractor

An individual or entity contracted to perform work for another party without being subject to the hiring party's control over the details of the work's performance.

Reimbursement

Compensation for money already spent or costs incurred by an individual, typically by their employer or another organization.

Employment

A formal relationship between an employer and an employee where the employee performs work or services in exchange for compensation.