The Economic Systems of the Former Soviet Union, the People's

question 33

Multiple Choice

The economic systems of the former Soviet Union, the People's Republic of China, and Cuba are best classified as:

• A) traditional economies.
• B) command economies.
• C) market economies.
• D) decentralized economies.

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Definitions:

Organizational Objectives

The specific goals set by a business or institution that guide its operations and strategic direction.

Supply Manager

A professional responsible for overseeing the acquisition of goods and services needed by an organization, ensuring efficiency and cost-effectiveness.

Supply-Chain-Support Strategies

Plans and methodologies implemented to enhance the efficiency, resilience, and effectiveness of the supply chain, ensuring timely delivery of goods and services.

Buying Organization

An entity, typically a company or government agency, that purchases goods and services for its own use or for resale.