Suppliers Have More Time to Devote to Postsale Services Because

question 35

Multiple Choice

Suppliers have more time to devote to postsale services because:

• A) supply chain management is no longer a critical element in the buying process.
• B) of the automation of routine transactions in the purchasing process.
• C) buyers and sellers have become independent of each other.
• D) the overall cycle time of the purchasing process has increased.
• E) of a decline in relationship-building activities between buyers and suppliers.

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Definitions:

Natural Monopoly

A market condition where a single firm can supply a product or service to an entire market at a lower cost than two or more firms could, often due to high infrastructure or fixed costs.

Per-unit Costs

The average cost incurred in the production of one unit of a good or service, including both fixed and variable costs.

Number Of Producers

The total count of entities or individuals that manufacture or produce goods and services within an economy.

Park Funding

Financial resources allocated for the maintenance, operation, or development of public parks and recreational areas.