________ has increasingly focused on cost reduction through imports from less costly (lower wage) foreign locations.
A) Exchange rate management
B) Inflation rate management
C) Supply chain management
D) Interest rate management

Question

Quizplus · Accepted Answer

Supply chain management involves arranging the movement of goods and services from suppliers to consumers. In recent years, many companies have focused on reducing costs through importing from countries with lower wages, which is a key component of supply chain management. Exchange rate management, inflation rate management, and interest rate management may all be important factors in business operations, but they are not directly related to cost reduction through imports from lower-wage countries.

________ Has Increasingly Focused on Cost Reduction Through Imports from Less