Which of the Following Statements Is TRUE

question 210

Multiple Choice

Which of the following statements is TRUE?
I. Competitive markets channel the self-interest of business leaders toward social prosperity.
II. Political structures often channel self-interest toward social destruction.
III. Many monopolies are government-created.

• A) I and III
• B) I and II
• C) II and III
• D) I, II, and III

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Definitions:

Supply Chain Costs

Supply chain costs encompass all expenses incurred in the creation and distribution of a product, from procurement to delivery.

Distributors

Companies or individuals that help move goods from manufacturers to retailers or direct to customers without being the primary producer.

Supply Chain

The network of all entities involved in producing and delivering a product or service to the consumer, including raw material suppliers, manufacturers, and retailers.

Add Value

enhancing the worth of a product or service through additional features, improved quality, or enhanced delivery, making it more attractive to consumers.