________ Include All of Those Activities Involving Interaction with Suppliers

question 19

Multiple Choice

________ include all of those activities involving interaction with suppliers.

• A) Inbound logistics
• B) Core process activities
• C) Outbound logistics
• D) Upstream activities
• E) Downstream activities

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Definitions:

Stackelberg

A model of a market in which one leader firm sets its output first, and then other firms follow, adjusting their outputs accordingly, in strategic game theory.

Cournot Model

A model in oligopoly theory where firms compete on the quantity of output they decide independently and simultaneously.

Monopolistic Competition

A market structure characterized by many firms selling products that are similar but not identical, allowing for competition on factors other than just price, such as quality and marketing.

Bertrand Model

Oligopoly model in which firms produce a homogeneous good, each firm treats the price of its competitors as fixed, and all firms decide simultaneously what price to charge.