Unless Each Supplier Has a Somewhat Different Role,it Is Very

question 104

True/False

Unless each supplier has a somewhat different role,it is very likely that a firm's supply base is too small.

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Definitions:

Increase Production

A situation where a company or country grows its capability to produce goods or services, often in response to higher demand or improved efficiency.

Marginal Costs

The additional cost incurred from producing one more unit of a good or service.

Aggregate Supply Curve

The aggregate supply curve represents the total output of goods and services that firms in an economy are willing and able to produce at different price levels, holding all else constant.

Output Increases

A rise in the quantity of goods or services produced by an economy or firm over a specific period.