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Hosting services are now available for supply chain management (SCM) systems. This trend is called _____.
Fewer Resources
A situation or condition where there is a reduced availability of inputs or factors of production such as land, labor, and capital.
Comparative Advantage
The ability of an individual, firm, or country to produce a good or service at a lower opportunity cost than competitors.
Opportunity Cost
The expense incurred by not choosing the second-best option when making a decision or selection.
Comparative Advantage
The capacity of an entity to generate a product or service with a smaller opportunity cost than others.
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