Concerning Relationships with Suppliers, Which of the Following Combinations Is

question 48

Multiple Choice

Concerning relationships with suppliers, which of the following combinations is critical to the success of JIT?

• A) close relationships with trust
• B) close relationships with skepticism
• C) distant relationships with trust
• D) distant relationships with skepticism
• E) distant relationship with mistrust

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Definitions:

Export Promotion

Strategies and policies aimed at encouraging the export of goods and services in order to improve a country’s trade balance and foster economic growth.

Infant Industries

New or emerging sectors or businesses that may not yet be competitive on a global scale and are often protected or supported by government policies until they can compete internationally.

Protected Market

A market shielded from foreign competition by tariffs, quotas, or other trade barriers to protect domestic industries.

Migration

The movement of people from one area to another, often across borders or within a country, for the purpose of settling, work, or seeking better living conditions.