Which of the Following Strategies Is Key to Sustainable Sourcing

question 363

Multiple Choice

Which of the following strategies is key to sustainable sourcing?

• A) Purchasing goods and services aimed at exploiting global efficiencies in production
• B) Taking into account the long-term impact of procurement on people, profit, and the planet
• C) Purchasing at fair prices to promote producers in disadvantaged and developing countries
• D) Promoting positive social change through organizational buying behavior

Understand the concept of economies and diseconomies of scale and their implications for production and firm size.

Recognize the characteristics and examples of natural monopolies and their market implications.

Comprehend the relationship between plant sizes, output ranges, and cost-efficiency in long-run production decisions.

Identify factors that lead to shifts or movements along cost curves in short-run and long-run scenarios.

---

Definitions:

Genetic Component

Refers to traits or conditions that are influenced or determined by an organism's genes.

Dyslexic Parent

An individual who has dyslexia and is also a parent, potentially facing unique challenges in reading-related activities with their children.

Reaction Time

The amount of time taken to respond to a stimulus, often used as an indicator of the speed of cognitive processing and motor coordination.

Muscle Strength

The ability of a muscle or group of muscles to exert force against resistance.