Which of the Following Is Not One of the Four

question 31

Multiple Choice

Which of the following is not one of the four categories of supplier that Megatronics developed?

• A) World Class
• B) Suppliers who are acceptable and have the potential to be developed to world class status
• C) Suppliers who are acceptable and provide products and services where a supply alliance is not needed
• D) Suppliers to acquire through takeover
• E) Suppliers to drop

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Definitions:

Marginal Revenue Curve

A graphical representation that shows how the addition of one more unit of a good or service sold affects the total revenue of a business.

Demand Curve

A graphical representation that shows the relationship between the price of a good and the quantity of that good consumers are willing to buy.

Long-Run Equilibrium

A state in economics where all factors of production and economic variables are in balance, and no external pressures are causing change.

Marginal Cost

The additional expenditure required to produce one more unit of a product or service.