ABC Corporation Knew That XYZ Industries Could Provide the Casings

question 64

Short Answer

ABC Corporation knew that XYZ Industries could provide the casings needed for their new line of typewriters like they had for the previous generations of typewriters. Therefore, they designated XYZ as the supplier for that key element, a practice known as ________.

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Definitions:

Fiscal Policy

Government policies relating to taxation and spending to influence the economy.

Aggregate Demand

The total demand for all goods and services within a particular market or economy at a given overall price level and in a given time period.

Real GDP

Gross Domestic Product adjusted for inflation, which provides a more accurate representation of an economy's size and how it's growing over time.

Disposable Income

Money left after taxes and compulsory fees have been subtracted, which can be used for spending or saving according to personal preference.