Which One of the Following Statements Is FALSE

question 56

Multiple Choice

Which one of the following statements is FALSE?

• A) Cannibalization of parts for use and repair of other equipment is part of a reverse logistics supply chain.
• B) Social sustainability includes a commitment from an organization to improve the quality of life through industry-community partnerships.
• C) Increasing revenues by converting wastes to byproducts is an environmental activity to enhance supply chain management.
• D) Efficiencies associated with manufactured goods recovery can yield increases in customer loyalty and improve the new customer's uptime.

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Definitions:

Identical Product

A product that is exactly the same in every detail and attribute as another, making them indistinguishable from each other.

High Barriers

Obstacles that make it difficult for new competitors to enter a market, including high start-up costs, complex regulations, or strong brand loyalty.

Market Entry

The strategy or process involved in introducing a new product or service to a target market.

Unregulated Monopolists

Firms that maintain exclusive control over a particular market or product without any oversight or restrictions from regulatory bodies.