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Why are supply chain management and globalization contemporary operations issues?
Drought
An extended period of deficient rainfall relative to the statistical multi-year average for a region, resulting in prolonged shortages in the water supply.
Downward-Sloping
A graphical representation showing a decline or decrease from left to right, often used to describe demand curves where price and quantity demanded move in opposite directions.
Government Tax
Monetary charges imposed by a government on individuals, corporations, and transactions to finance government spending and services.
Labor-Market Policies
Measures and regulations implemented to influence the operation and outcomes of the labor market, including job creation, unemployment insurance, and minimum wage laws.
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