The Advantages of Buying Component Parts from Independent Suppliers Are

question 9

Multiple Choice

The advantages of buying component parts from independent suppliers are that it gives the firm the following advantages:

• A) it may help the firm to capture orders from international customers, facilitates the scheduling of adjacent processes and, greater flexibility
• B) greater flexibility, facilitates the scheduling of adjacent processes and, protects proprietary production technology
• C) facilitates investments in highly specialized assets, protects proprietary product technology and, facilitates the scheduling of adjacent processes
• D) greater flexibility, it can help drive down the firm's cost structure and, it may help the firm to capture orders from international customers
• E) provides offsets, improved costs and new technologies

Understand various educational approaches and philosophies in early childhood education.

Identify the roles and expectations of educators within different educational approaches.

Recognize the significance of parental involvement and cooperation in child education programs.

Discern the impacts of government and societal demands on education systems.

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Definitions:

Society

A group of individuals involved in persistent social interaction, or a large social group sharing the same geographical or virtual territory, typically subject to the same political authority and dominant cultural expectations.

Marginal Revenue

The extra income generated from selling one additional unit of a product or service.

Marginal Cost

The rise in expense associated with the production of one more unit of a product or service.

P > MC

A condition where the price (P) of a good is greater than the marginal cost (MC) of producing it, typically indicating the potential for profit.