Suppose Losses Cause Industry X to Contract And, as a Result

question 207

Multiple Choice

Suppose losses cause industry X to contract and, as a result, the prices of relevant inputs decline. Industry X is

• A)a constant-cost industry.
• B)a decreasing-cost industry.
• C)an increasing-cost industry.
• D)encountering X-inefficiency.

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Definitions:

SCM

Supply Chain Management involves the systematic control over the transfer of resources, information, and finances as they make their way from their origin with suppliers to manufacturers, onto wholesalers and retailers, and finally to the end user or consumer.

TPS

The Transaction Processing System, a specific form of information system, is tasked with collecting, saving, adjusting, and fetching transactional information pertaining to an organization.

SCM

The directive process of managing the flow of physical goods, associated information, and financial transactions from the point of supply through manufacturing stages to the wholesaler, retailer, and ultimately to the consumer is the essence of Supply Chain Management.

Interorganizational

Interorganizational pertains to the relationships or interactions between different organizations, often involving collaboration, partnerships, or competition across organizational boundaries.