By Using Johnson Wholesale Co

question 82

Multiple Choice

By using Johnson Wholesale Co. for its distribution needs, the Apex Production has a distinct competitive advantage because the services performed by Johnson allow Apex to

• A)provide quality merchandise to consumers.
• B)focus on increasing production capacity.
• C)focus on increasing working capital.
• D)reduce manufacturing costs to retailers.
• E)focus on producing products that meet consumers' needs.

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Definitions:

National Defense

A government's actions to protect its country and its citizens from external threats, often involving military capabilities.

Government Subsidy

refers to financial support provided by the government to businesses, individuals, or other governmental entities to encourage or support certain activities or reduce their costs.

Welfare Payments

Government-provided financial assistance to individuals or households, typically aimed at supporting those who are unemployed, disabled, or on a low income.

Efficiency Loss

The reduction in economic welfare or efficiency that occurs when a market does not allocate resources optimally, often due to externalities or market power.