___________________________________ Supply Chains Typically Span Greater Geographic Distances and Time

question 4

Short Answer

___________________________________ supply chains typically span greater geographic distances and time differences than domestic supply chains and have participants from a number of different countries.

---

Definitions:

Opportunity Cost

The expense of not choosing the second-best option available during a decision-making process.

Rice

A staple food grain consumed worldwide, known for its versatility and ability as a primary source of nutrition for a large portion of the world's population.

T-Shirts

Clothing items made of fabric, typically featuring short sleeves and a round neckline, known for their staple position in casual wear.

Barter

A method of exchange by which goods or services are directly exchanged for other goods or services without using a medium of exchange, such as money.