Which of the Following Statements Is True

question 210

Multiple Choice

Which of the following statements is true?

• A)When the forces of supply and demand determine for whom goods are produced in a society,an equitable distribution of income will naturally result.
• B)An external benefit will occur when a third party enjoys some of the benefits derived from production of some good or service.
• C)One of the roles of our government is to provide a job to any able-bodied person who wants a job.
• D)The price mechanism will work well if there are at least two companies that are competing against each other.

Assess the benefits and challenges of various supply chain contracts, including buyback or returns contracts, revenue-sharing contracts, quantity flexibility contracts, and quantity discount contracts.

Calculate optimal order quantities and expected profit for different retail scenarios.

Analyze the effect of demand distribution on supply chain strategies.

Evaluate the significance of supplier relationships, including considerations for long-term partnerships, ensuring availability, and collaboration in design phases.