The Supply Chain

question 63

Multiple Choice

The supply chain:

• A) does not include customers
• B) does not include suppliers
• C) a and b
• D) a supply chain does include customers and suppliers

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Definitions:

Externality Rights

The rights pertaining to external effects of transactions, that affect third parties not directly involved in the economic transaction.

Government Imposed Taxes

Charges levied by the government on individuals, goods, services, or transactions to fund public expenditures.

Marginal Social Cost

The total cost to society of producing an additional unit of a product, including both the private cost and any external costs.

Pollution Emission

The release of pollutants into the environment, typically from industrial processes or vehicles.