Answers with Explanations:
1. Why in the current modern trade, the integration of economic affairs from design to completion is an important priority to every Manufacturing Companies?
Compared to traditional style of trading, the current modern trade is<em> faster</em> and <em>more organized</em>. This is because of the arising needs of the society and the tight competition in the market. So, in order to address these things, the <u>integration of economic affairs from design to completion is deemed as an important priority to every Manufacturing Company.</u> When everything is seamlessly connected, the innovation will become faster and the <em>supply chains will act as if they are in a single platform</em>. This will give customers better tailored products that suits their needs.
2. Define the parties involved directly and indirectly in supply chain and their role for smooth running of business?
A "supply chain" refers to a process involved between a company and its suppliers from production and distribution of goods to buyers or customers.
Parties in the supply chain could either be "directly" or "indirectly" involved. Those who are directly involved in the supply chain are the <em>company, suppliers and the buyers. </em>
<em> </em>Those which are not directly involved are the <em>transporters, warehouses, retailers, distributors and the like.</em>
The chain actually starts with the supplier, who supplies the raw materials. These materials are then manufactured by manufacturers and distributed (via wholesalers). The retailers will then sell them to the customers or buyers.
A mutual fund is a professionally managed investment fund that pools money from many investors to purchase securities.
Hope this helps!
The answer is $22.50 less
The type of economy that referred in the question would most likely be a free-enterprise economy. By definition, a free-enterprise economy is an economic system wherein the market is free of government intervention. In addition, it is essential to the world trade because "<span>permits developing nations to compete on an equal economic basis with more industrialised countries."</span>
Answer:
The correct answer is <u>trade secret</u>
Explanation:
Trade secret can be considered as any secret or confidential information regarding business that provides a company with a competitive advantage over other company's in the market. Trade secret can be anything like commercial secrets, advertising strategies, recipe formula or manufacturing secrets etc. So therefore by reading the question it is quite clear that the intellectual property protection that keeps the recipe a secret is trade secret.