Which of These Statements Is True Regarding Lead Firms and Their

question 24

Multiple Choice

Which of these statements is true regarding lead firms and their suppliers in the wake of the global financial crisis?

• A) The number of widely used suppliers decreased.
• B) Lead firms preferred larger suppliers.
• C) Lead firms sought ongoing strategic relationships.
• D) All of the above.

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Definitions:

Colonization

The process by which a central power dominates the surrounding land and its components.

Roanoke

Often referred to as the "Lost Colony," it was an early English settlement in North America that mysteriously disappeared.

Privateering

The practice of commissioning private ships to capture enemy ships during wartime, authorized by a government through letters of marque.

Trade

The exchange of goods and services between individuals, businesses, or countries, which can be domestic or international in scope.