Homes are selling for $200,000 in a residential neighborhood. A potential buyer offered $200,000 for a similar home in the same neighborhood. The buyer's offer was based on the principle of:

A. Conformity.
B. Substitution.
C. Competition.
D. Plottage.

Answer: B. Substitution.

Business

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Which component of the supply chain decision-making framework would be used to reach the performance level dictated by the supply chain strategy?

A) Customer strategy B) Supply chain strategy C) Supply chain structure D) Competitive strategy

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