Which of the Following Is Not One of the Potential

question 79

Multiple Choice

Which of the following is not one of the potential advantages of using long-term contracts?

• A)Assurance of supply.
• B)Volume leveraging.
• C)Access to cost/price information.
• D)Access to supplier technology.
• E)Supplier opportunism.

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Definitions:

Early Intervention

Programs or strategies designed to identify and provide targeted educational and therapeutic support to young children with developmental delays or special needs.

Economic Returns

The financial gains or benefits received from an investment, business venture, or economic activity, compared to the amount of money or resources invested.

Optimal Production Volume

The quantity of goods that a company should produce to minimize costs and maximize efficiency, profitability, or both.

Unit Costs

The cost incurred to produce, store, or acquire one unit of a product or service.