The Entry and Exit of Firms Ensure That the ___________

question 103

Multiple Choice

The entry and exit of firms ensure that the ___________ in the long run than in the short run.

• A) market demand curve is much more elastic
• B) market demand curve is much more inelastic
• C) market supply curve is much closer to vertical
• D) market supply curve is much more inelastic
• E) market supply curve is much more elastic

Grasp the objective of maximizing net value in supply chain operations.

Acknowledge the involvement of all enterprise stages in customer request fulfillment.

Appreciate the cycle view for understanding roles and operational decision-making in a supply chain.

Understand the importance of exploiting reduced uncertainty and optimizing performance during operation phases.

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Definitions:

Web 3.0

An advanced stage of the internet characterized by semantic web technologies, artificial intelligence, and blockchain, promising a more user-centric online experience.

Vehicles

Modes of transportation that move people or goods from one place to another, including cars, buses, bicycles, etc.

LinkedIn

A professional networking platform that allows individuals and companies to connect, share content, and find job opportunities.

Social Networking Sites (SNS)

Websites or platforms that enable users to create and share content or to participate in social networking.