Which of the Following Is NOT a Factor That Has

question 103

Multiple Choice

Which of the following is NOT a factor that has contributed to the rapid economic growth of NICs (newly industrialized countries) ?

• A) Political stability
• B) Well-established economic and legal reforms
• C) Decrease in labor population
• D) Outward orientation
• E) Entrepreneurship

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Definitions:

Materials Manager

A professional responsible for overseeing the acquisition, control, and distribution of materials and products within an organization, ensuring efficient operations and cost management.

Supply Chain Manager

A professional role focusing on overseeing and managing a company's supply chain operations to maximize efficiency, reduce costs, and ensure the timely delivery of products.

Production Floor

The area of a manufacturing facility where goods are actually produced or assembled.

Purchase Order

A formal document sent by a buyer to a seller requesting the purchase of products or services, specifying types, quantities, and agreed prices.