Which of the Following Is Not a Method by Which

question 71

Multiple Choice

Which of the following is not a method by which a supply chain can extract the benefits of aggregation without having to physically centralize all inventories in one location?

• A) Information centralization
• B) Specialization
• C) Product substitution
• D) Component differentiation

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Definitions:

Short-Run Aggregate Supply Curve

A curve that shows the relationship between the price level and the quantity of goods and services that firms are willing and able to supply in the short run.

Quantity Supplied

The total amount of a good or service that producers are willing and able to sell at a given price over a specific time period.

Price Level

An index reflecting the overall cost of commodities and services within an economy during a particular period.

Short-Run Aggregate Supply Curve

A curve that represents the relationship between the total production of goods and services and the price level for output in the short-run.