Which One of the Following Is NOT Normally an Advantage

question 9

Multiple Choice

Which one of the following is NOT normally an advantage of outsourcing?

• A) increased supplier options due to globalization
• B) advanced capabilities to coordinate suppliers through information technology
• C) less required investment in capital equipment
• D) tighter control over product quality

Comprehend the role of government intervention in economic activities.

Acknowledge the significance of property ownership in economic systems.

Distinguish between various forms of labour markets and their impact on workers.

Understand the evolution and impact of labour market segmentation and regulations.

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Definitions:

Tax

A mandatory monetary fee or tax levied by a government on individuals or organizations to finance public spending.

Price Elasticity

An indicator of the sensitivity of the demand for a product to fluctuations in its price.

Gasoline Demand

The total quantity of gasoline that consumers are willing and able to purchase at a given price over a certain period.

Price Elasticity

A measure of how the quantity demanded or supplied of a good changes in response to a change in its price.