Sourcing Inputs from Multiple Suppliers Is a Strategy to

question 68

Multiple Choice

Sourcing inputs from multiple suppliers is a strategy to

• A) reduce risks linked to just-in-time inventory systems.
• B) quickly move materials through the production process.
• C) increase inventory turnover.
• D) manage the distribution of finished products to end users.
• E) decrease the organization's need for working capital.

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Definitions:

Poverty

A state or condition in which individuals or communities lack the financial resources and essentials for a minimum standard of living.

Capital-Using Technologies

Innovations that increase the efficiency of capital usage, often leading to higher productivity but possibly requiring more initial investment.

Capital-Saving Technologies

Innovations that allow for the same level of production using fewer inputs of capital, usually leading to cost savings and increased efficiency.

Demographic Transition

describes the transformation of a country’s population structure as it progresses from high birth and death rates to low birth and death rates, often as part of economic development.