A company adopts the supply chain strategy of contracting with a number of geographically dispersed suppliers just in case prices rise in one part of the world. This approach is known as:
A) price hopping.
B) hedging.
C) outsourcing.
D) futures.
B
You might also like to view...
The process of actively decoding and interpreting verbal messages, which requires full attention and processing, is known as active
A. empathizing. B. comprehension. C. listening. D. hearing. E. evaluation.
To be competitive in today's marketplace, supermarkets are focusing on offering fresh perishables and providing better value with private-label merchandise.
Answer the following statement true (T) or false (F)
Illustrate and explain four ethical dimensions of business behavior; give two examples of behaviors that fit each dimension
Miranda is pet-sitting for a friend's dog while he is on vacation. Her friend has given Miranda all sorts of information, including the veterinarian's name and phone number, pet emergency center location, and the dog's favorite bedtime snack. The first evening of the vacation, Miranda realizes that her friend did not bring the dog's food over, and she has no idea what the dog eats. Her friend's cell phone is "out of range" at the moment, so Miranda must go to the grocery store and shop for dog food, even though she has never bought it before now. In this case, even though Miranda is not a dog owner, she is likely to be part of the market for dog food for all of the following reasons except
A. she has the authority to purchase the dog food. B. she possesses the buying power for purchasing dog food. C. she has the need or desire for dog food. D. her ability to purchase the dog food is questionable. E. she is willing to use her buying power.