Of the Following,which Is NOT an Advantage of Making

question 29

Multiple Choice

Of the following,which is NOT an advantage of making?

• A) Knowledge of the product may provide efficiency advantages over potential suppliers.
• B) The firm has more control over quality.
• C) People producing the component or raw material have the incentive to improve their product.
• D) The firm has more control over deliveries.
• E) It secures the supply source.

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Definitions:

Unit of Y

A hypothetical unit used in economic models to represent output or goods produced.

Fourth Unit

Referring to a specific, individual measure or item in a sequence, often used to highlight a particular point in quantitative analysis.

Unit of X

A standard measure or quantity of something, used as a means of expressing or describing the amount.

Increase in Price

A situation where the cost of goods or services rises, affecting the supply and demand equilibrium.