(Answered) Answer one of the following must be between 350-600 words

Engineering

Answer ONE of the following. Must be between 350-600 words. Must include intro, middle, and conclusion, as well as the question you chose in bold at the top.

1. In a short essay, discuss the characteristics of the spot market.

2. What is configuration? Briefly list and discuss the factors that influence value chain configuration.

3. When deciding where to locate production and sales efforts, how and why might companies use scanning techniques?

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