Which of the following statements is false?
A) Demand for components in business markets tends to be price inelastic.
B) Equipment suppliers can take advantage of joint demand by offering ongoing supply of maintenance and consumables.
C) A just-in-time approach to taking delivery of components reduces inventory costs, but increases the risk that the production process will be brought to a halt by the shortage of any component.
D) While industry demand tends to be inelastic, demand for the business products of any particular company can be elastic.
E) None of the options listed - they are all true.
Correct Answer:
Verified
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