Which of the Following Is NOT a Factor That Is

question 23

Multiple Choice

Which of the following is NOT a factor that is increasing the need to better manage the supply chain?

• A)Optimization of their own value by most segments in the supply chain
• B)Global competition and outsourcing
• C)E-commerce and telecommunications
• D)Outsourcing and shorter life cycles

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Definitions:

Average Total Cost Curves

Graphs that show the average total cost of producing different quantities of output, typically U-shaped due to economies and diseconomies of scale.

Economic Profits

The difference between a firm's total revenue and its total costs, including both explicit and implicit costs, representing the excess over the opportunity cost.

Perfect Competition

A market structure characterized by a complete lack of friction or impediments to the entry of new firms, where all sellers and buyers have access to the same information and no individual entity can influence the market price.

Market Price

The present cost at which a service or asset is available for purchase or sale.