Supplier Proximity to the Market Is Desirable Where Flexibility Is

question 58

True/False

Supplier proximity to the market is desirable where flexibility is required.

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Definitions:

World Trade Organization

An international institution that regulates and facilitates global trade between nations, aiming to ensure smooth, free, and predictable trading.

United Nations

An international organization founded in 1945 to promote global peace, security, and cooperation among its member countries.

Local Economy Dominance

The significant influence or control of a particular area's economy by one or more entities.

Technology Transfer

The process of sharing or distributing technology between different organizations, or from research institutions to industry, facilitating innovation and application.