The use of effective contracts with penalties could reduce the following forms of supply chain risks:
- Distribution
- Logistic delays or damages
- Supplier failure to deliver
<h3>
What are supply chain risks?</h3>
Supply chain risk management is "the implementation of strategies to manage routine and non-routine risks in the supply chain to reduce vulnerability and ensure continuity based on ongoing risk assessment".
<h3>
What are effective contracts?</h3>
Most contracts only need to contain two elements to be legally effective: the parties must agree (after one party has made an offer and the other has accepted it).
Something of value, such as money, services or goods (or a promise to exchange such goods) must be exchanged for something else of value.
Learn more about Effective Contracts:
brainly.com/question/984979
#SPJ1
Full Question
The use of effective contracts with penalties could reduce which form of supply chain risk?
A. Distribution
B. Logistic delays or damages
C. Supplier failure to deliver
D. All of the above Question:
Answer:
The correct answer is $2,500,000,000.
Explanation:
According to the scenario, the computation of the given data are as follows:
Operating capacity = 80%
Sales = $2 billion
Fixed assets = $600,000,000
So, we can calculate the level of sales by using following formula:
Level of sales = Sales ÷ operating capacity
= $2,000,000,000 ÷ 80%
= $2,500,000,000
Answer:
C. The government guarantees that potato farmers will receive at least $50 a ton.
Explanation:
Price floor is implemented by the government or a group where price control is imposed or limit is placed on how low a price a product can be sold.
For price floor to be effective it must be higher than the equillibrum price.
Equillibrum price is the price at which quantity consumers are willing to pay for is equal to quantity suppliers re willing to sell.
Price floors are usually used to keep commodity prices from going too low.
So if the government guarantees farmers will receive at least $50 per ton of potato, they are setting a price floor of $50.
Answer:
The correct answer is A
Explanation:
Market research is the research which is a scientific study and it is performed in order to collect the important market information, enable the business to make the right decisions.
The collection of the data in the marketing research is defined as the detailed as well as informative procedure, in which the planned search for the all the relevant data that is made by the researcher.
So, the categories which are used for the data that marketing researchers usually collect are behavior, attitudes and intentions.
A duty is a type of tax.
Consider the modern day examples of "duty free" shopping available in places like airports and certain tourist locations where people can purchase luxury goods without owing a tax to any country or locality.
