Which of the Following Are Likely to Be a Criterion

question 55

Multiple Choice

Which of the following are likely to be a criterion for choosing the best supplier? 

• A) Location. 
• B) Size. 
• C) Competitiveness. 
• D) Profitability.

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Definitions:

Tyranny Of The Majority

A situation in a democracy where the majority's interests or decisions override and suppress the rights or interests of the minority.

Laissez-Faire Capitalism

Laissez-faire capitalism is an economic system where the government's intervention in business affairs is minimal, promoting a free-market environment where businesses operate with little to no regulation.

Economic Liberty

The freedom for individuals and businesses to operate and compete in a market with minimal government interference.

Economic Equality

A state within a society where individuals have equal access to wealth, opportunities, and resources, minimizing disparities.