Ceramic Customs Co

question 28

Multiple Choice

Ceramic Customs Co.requires a specific type of ceramic to make custom-made tiles.Since only one supplier makes that particular ceramic,the firm is forced to source all of its supplies from it.The firm tried negotiating the price at which it purchases the material,but failed to get any reduction on the cost.This is because:

• A) the supplier has more bargaining power than the firm.
• B) the supply is unlimited.
• C) the supply exceeds the demand.
• D) the industry has barriers to entry.

Distinguish between procurement and purchasing in the digital marketplace.

Appreciate the competitive strategies in e-commerce, especially regarding Amazon's approaches.

Understand the legal and ethical challenges within the digital advertising and domain spaces.

Understand the principles and outcomes of forward and reverse auctions.

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Definitions:

Anoxia

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Intellectual Disability

A developmental disorder characterized by significantly impaired intellectual and adaptive functioning.

Lead-Based Paint

A type of paint that contains high levels of lead, which is toxic and can cause lead poisoning, particularly dangerous to children and pregnant women.

Neurodevelopmental Disorders

A group of disorders—including ADHD, autism spectrum disorder, and intellectual disability—in the functioning of the brain that emerge at birth or during very early childhood and affect an individual’s behavior, memory, concentration, and/or ability to learn.