Which Statement Best Applies to Adam Smith

question 19

Multiple Choice

Which statement best applies to Adam Smith?

• A)His views began as conservative, but are now associated with modern liberalism.
• B)His views were once considered liberal, but are now promoted by conservative.
• C)His views have always been advocated by liberals.
• D)Marxists promoted his views because of concerns of the proletariat

---

Definitions:

Low Inventory Levels

A situation where a business holds a minimal amount of products in stock to reduce holding costs and increase efficiency.

Geographically Dispersed

A term describing entities such as teams, offices, or populations that are spread across different geographical locations.

Total Logistics Cost

The expenses associated with transportation, materials handling and warehousing, inventory, stockouts (being out of inventory), order processing, and return products handling.

Customer Service

The support offered by a company to its customers before, during, and after a purchase to ensure satisfaction and manage inquiries or complaints.