A Drink Manufacturer Finds Setting Up a Plant to Make

question 116

Multiple Choice

A drink manufacturer finds setting up a plant to make its own bottle caps expensive and technically difficult. Which of the following will be most helpful in solving the manufacturer's problem?

• A)outsourcing
• B)achieving economies of scale
• C)lowering input costs
• D)increasing bargaining power
• E)going for a vertical integration with a distributor

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Definitions:

Medical Application

The use or practice of medicine and healthcare techniques for diagnostic, therapeutic, or preventive purposes.

Transgenic Organism

An organism that has had foreign DNA inserted into its genome, often to express a new trait not found naturally in the species.

GMO

Genetically Modified Organisms; organisms whose genetic material has been altered using genetic engineering techniques.

Agricultural Application

The use of various techniques, tools, and materials in farming and crop production to increase efficiency and productivity.