A Small Family-Run Business May Not Have the Resources to Support

question 80

Multiple Choice

A small family-run business may not have the resources to support a global sourcing strategy.This situation is an illustration of a(n) ______.

• A)sourcing risk
• B)strategy risk
• C)market risk
• D)implementation risk

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Definitions:

Revocation

The termination of an offer by notice communicated to the offeree before acceptance.

Acceptance

A statement or act given in response to and in accordance with an offer.

Offer

A tentative promise subject to a condition.

Breach of Contract

The non-performance of any clause in a contract, whether written or verbal, in the absence of a legitimate legal excuse.