What Do Companies Need in the Case of Supply Chain

question 114

Multiple Choice

What do companies need in the case of supply chain disruptions?

• A) contingency plans
• B) alternative suppliers
• C) inventory reserves
• D) emergency items

Describe the societal structures and social hierarchies reflected through art in Pacific Island cultures.

Acknowledge the spiritual and protective purposes behind specific artifacts and symbols.

Differentiate among the various Pacific Island cultures based on their art and ceremonial practices.

Understand the concept and significance of proxemics in communication.

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Definitions:

Sales Schedule

A detailed plan that outlines the expected timing and quantity of sales of a product or service.

Price Makers

Firms that possess the power to set the price of a good or service because of a lack of competition or the unique nature of the product.

Purely Competitive

A market structure characterized by a large number of small firms, free entry and exit, homogeneity of products, and perfect information that leads to the price being dictated by the market.

Monopolistic Firms

Firms operating in a market structure with many competitors that sell differentiated products.