Encouraging or Helping a Firm's Suppliers to Perform in a Desired

question 103

Multiple Choice

Encouraging or helping a firm's suppliers to perform in a desired fashion can be referred to as:

• A)​Progressive procurement
• B)​Supplier management
• C)​Right-shoring
• D)​Supply chain performance management

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Definitions:

Nationalist Movements

Political groups and ideologies that advocate for the self-determination of a nation and the promotion of its culture, interests, and values.

Megacorporations

Large, powerful companies that wield significant economic, political, and social influence, often operating on a global scale.

Market Forces

The economic factors affecting the price, demand, and supply of goods and services in a free market.

Modernization

The process of economic change, whereby developing societies acquire some of the social and political characteristics of Western industrial societies; five subprocesses are involved: technological development, agricultural development, urbanization, industrialization, and telecommunication.