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

Business

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Total fixed cost:

A. is the sum of all expenses which are closely related to output. B. is the sum of those costs which do not change in total no matter how much is produced. C. may vary in the short run--but is more or less fixed in the long run. D. is the sum of all costs of manufacturing and distributing a product. E. would be zero if the quantity produced were zero.

Business

According to the VALS system developed by SRI International, ________ are successful, sophisticated, and active people with high self-esteem and significant resources

A) achievers B) believers C) makers D) innovators

Business