Which of the Following Is Not a Typical Advantage of Local

question 29

Multiple Choice

Which of the following is not a typical advantage of local buying?

• A) Closer cooperation between buyer and seller is possible
• B) Shortages are less likely
• C) Delivery dates are more certain
• D) Lower prices can result from consolidated transportation and insurance
• E) Shorter lead times reduce inventory

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Definitions:

Entrepreneurs

Individuals who create, organize, and operate businesses, taking on greater than normal financial risks in order to do so, often seen as innovators who drive economic growth.

Traders

Individuals or entities engaged in the buying and selling of goods, services, or financial instruments, often acting as intermediaries in trade transactions.

Birthday Party

A celebration or gathering marking the anniversary of a person's birth.

Generalized Reciprocity

A form of exchange where goods or services are given without an immediate or specific expectation of return, often found in close relationships.