The Rapid Growth of China's Economy Relative to Canada's Has

question 180

Multiple Choice

The rapid growth of China's economy relative to Canada's has benefitted Canadian consumers because

• A)competition from China has made jobs harder to find in Canada.
• B)Canadian consumers can purchase more lower-priced goods made in China.
• C)Canada has comparative advantage in more goods than China does.
• D)goods made in China are always of higher quality than goods made in Canada.
• E)Canadian consumers no longer have access to Canadian made goods.

---

Definitions:

Quantity Discounts

Price reductions based on the volume of purchase, incentivizing larger orders.

Cycle Inventory

The portion of inventory that varies directly with lot size, representing the inventory needed to satisfy demand for the product in the period between reorders.

Mission-Critical Products

Items or services that are essential for the successful operation of a business or organization.

Viability of Suppliers

An assessment of a supplier's ability to meet contractual obligations, maintain consistent product or service quality, and sustain operations over time.