A company is a price-taker when ________
A) it operates in a highly competitive market
B) its product is unique
C) it has considerable flexibility in setting prices of its products
D) it has very high fixed costs
A
Business
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Third-party logistics is another term for _____
a. outsourcing logistics b. quick response inventory management c. supply chain management d. floor-ready merchandise
Business
In a(n) ________ inventory system, an order is placed for a variable amount after a fixed passage of time
A) periodic B) continuous C) optimal D) economic
Business