Which of These Is a Reason to Single Source Products

question 4

Multiple Choice

Which of these is a reason to single source products or services?

• A) To ensure continuity of supply
• B) To ensure consistent quality of supply
• C) To obtain flexibility of supply
• D) To obtain dependability of supply

---

Definitions:

Total Expenditures

The total amount of money spent by a firm or an individual on goods and services.

Price of Labor

The wage rate or compensation paid to employees for their work or services, determined by supply and demand in the labor market.

Isocost Line

A line that represents all combinations of inputs which cost the same total amount.

Capital

Resources, such as equipment, buildings, and machinery, used in production to create goods and services.