Directions: Choose the Best Answer Based on the Information You

question 8

Multiple Choice

Directions: Choose the best answer based on the information you read in Chapter 3. ​ Key terms in textbook chapters are often

• A)highlighted and defined.
• B)unhelpful to student readers.
• C)difficult to find.
• D)unrelated to the content.

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Definitions:

Few Suppliers Approach

A market condition characterized by a small number of suppliers, often leading to less competition and potentially higher prices.

EDI

Electronic Data Interchange, a system that allows the transfer of data between different companies using networks or the Internet.

Capacity Utilization

The percentage of a facility's total production capacity that is currently being used to produce goods or services.

Motor Carrier

A company or individual engaged in the commercial transportation of goods by truck.