Which of the Following Is NOT One of the Three

question 17

Multiple Choice

Which of the following is NOT one of the three main types of importers?

• A)importers looking for suppliers abroad to concentrate their operating risks
• B)importers looking for any product around the world they can deliver to local citizens for a profit
• C)importers looking to foreign-sourcing to get the highest quality products at the lowest possible price
• D)importers using foreign sourcing to optimize their supply chains

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Definitions:

Saturated

A state or condition where a market has become so full or supplied to its maximum capacity that no further growth or expansion is possible.

Productive Economy

Refers to an economy that efficiently utilizes its resources to produce goods and services that meet the needs and wants of its population.

Commodity

Commodity denotes basic goods used in commerce that are interchangeable with other goods of the same type.

Allocation

The process of distributing resources, goods, or services in a particular way or to particular recipients.