Which of the Following Is Not One of the Advantages

question 51

Multiple Choice

Which of the following is not one of the advantages of a rationalized and optimized supply base?

• A)Buying from world-class suppliers.
• B)Use of full-service suppliers.
• C)Lower supply base administrative costs.
• D)Reduction of supply base risk.
• E)Absence of competition.

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Definitions:

Trade Deficit

Occurs when a country's imports exceed its exports during a given time period, leading to an outflow of domestic currency to foreign markets.

Underwood Tariff

An early 20th-century legislative act that substantially reduced tariffs in the United States, aimed at lowering consumer costs and promoting free trade.

Republican Administrations

Refers to periods of governance in the United States when the executive branch is controlled by the Republican Party, typically characterized by certain fiscal, social, and foreign policies.

Trade Deficits

The economic condition that occurs when a country imports more goods and services than it exports, resulting in a negative balance of trade.