Which of the Following Terms Refers to a Short Period

question 140

Multiple Choice

Which of the following terms refers to a short period of falling incomes and rising unemployment?

• A)depression
• B)recession
• C)expansion
• D)business cycle

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Definitions:

Milk Run

A delivery method where a single truck collects cargoes from several suppliers or delivers goods to multiple customers, optimizing transportation costs and efficiency.

Single Supplier

A procurement strategy where all goods or services are sourced from one exclusive supplier, potentially simplifying operations but increasing risk.

Multiple Retailers

Retail operators who own and manage more than one retail outlet, spreading across various locations.

Quasi-Market Prices

Prices that are influenced by regulatory or policy interventions rather than purely by market supply and demand dynamics.