Answer: c. economy
Explanation:
The economy can be define as the system which can be used to manage the production of resources, goods and services, their distributed and consumption by the people of the society. This is done through different agents. The economy is the basis of the business cycle, and livelihood. The economic agents can be organizations, government and individual businesses. This process involves the distribution and circulation of money.
The word that best defines 'the way goods and services are produced, distributed, and consumed in a society' is 'economy'. The economy is the system through which goods and services are produced, distributed to different sectors, and consumed.
Your question pertains to a core concept in Social Studies, specifically in Economics. The term that best fits the definition 'the way goods and services are produced, distributed, and consumed in a society' is economy.
An economy is a system of production, distribution and consumption. In this system, goods and services are produced by different businesses and organizations. Once produced, these goods and services are then distributed to various sectors in the society where they are consumed. The process of production, distribution, and consumption can all vary greatly depending on the type of economy in question.
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b. multisourcing
c. sole-sourcing
d. home sourcing
e. in sourcing
One of the disadvantages of the sole-sourcing strategy of purchasing raw materials is that the supplier has more negotiating power on price. Therefore, the correct option is c. sole-sourcing.
Sole-sourcing, the correct answer, is a procurement strategy where a company relies on a single supplier for a specific raw material or component. One of the significant disadvantages of this strategy is that it grants the supplier more negotiating power on price. Since the company is dependent on a single supplier for their critical input, they have limited alternatives and bargaining leverage. This can lead to higher prices and less favorable contract terms, as the supplier knows they have a monopoly on the business.
Conversely, multisourcing (option b) involves obtaining the same raw material or component from multiple suppliers, which can enhance negotiation power and mitigate risks associated with supplier dependencies. Open-sourcing (option a) is often associated with open-source software and not applicable to raw material procurement. Home sourcing (option d) and in-sourcing (option e) do not directly relate to supplier negotiation power in the context of raw material procurement.
Sole-sourcing can be advantageous for ensuring consistent quality and building strong relationships with a single supplier, but it comes with the trade-off of potentially higher costs due to reduced negotiation power. Companies must carefully weigh these factors when deciding on their procurement strategy to optimize their supply chain efficiency and cost-effectiveness. Therefore, the correct option is c. sole-sourcing.
Learn more about Sole-sourcing
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Answer:
The correct answer is B. He was the first scientist to dissect animals and use them as models for humans in a digestion trial. (i took the test)
Explanation:
Answer:
Endocrine glands release hormones into the bloodstream. This lets the hormones travel to cells in other parts of the body. The endocrine hormones help control mood, growth and development, the way our organs work, metabolism , and reproduction. The endocrine system regulates how much of each hormone is released.
The endocrine system is a chemical messenger system comprising feedback loops of the hormones released by internal glands of an organism directly into the circulatory system, regulating distant target organs. In humans, the major endocrine glands are the thyroid gland and the adrenal glands.