Chocblur Is the Only Wholesaler of Cooking Chocolate in the Town

question 67

Multiple Choice

Chocblur is the only wholesaler of cooking chocolate in the town of Wescanso. Klemmy's, a famous dessert shop in Wescanso, purchases cooking chocolate only from Chocblur because transporting the chocolate from other towns would increase its overall expenses. In the context of the specific environment, which of the following concepts does this scenario best illustrate?

• A) Path dependence
• B) Supplier dependence
• C) Buyer dependence
• D) Internal dependence

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Definitions:

Secretly Competes

When an individual or entity engages in competition against another party without their knowledge, often violating a trust or agreement.

Business Transaction

The process of buying, selling, or exchanging goods, services, or any kind of financial relation between businesses or between a business and a consumer.

Breached Fiduciary Duty

A violation of the obligation to act in the best interest of another party, often related to situations of trust and confidence.

Profit Made

The financial gain achieved when the amount earned from a business activity exceeds the expenses, costs, and taxes.