**Bicycle Supply Chain Challenges**Even before the pandemic, bicycle supply chains were strained. Why was this? Check all that apply.- ○ Falling barriers increase the bargaining power of business firms by decreasing the incomes of consumers. - ○ Many bikes are made in China, and former President Trump's high tariff rate forced manufacturers to find alternate production locations. - ○ Making bikes is still an artisanal process, so craft bike makers could not keep up with the demand. - ○ Americans prefer to drive gas trucks rather than bike.

Answered: Even before the pandemic, bicycle…

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

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**Bicycle Supply Chain Challenges**

Even before the pandemic, bicycle supply chains were strained. Why was this? Check all that apply.

- ○ Falling barriers increase the bargaining power of business firms by decreasing the incomes of consumers.

- ○ Many bikes are made in China, and former President Trump's high tariff rate forced manufacturers to find alternate production locations.

- ○ Making bikes is still an artisanal process, so craft bike makers could not keep up with the demand.

- ○ Americans prefer to drive gas trucks rather than bike.

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Step 1

Bicycle companies moved the production out of China because of the rise in rate of tariff by former President Trump. The production of bikes got offset because it takes time to make business partners, start business in another country, build factories, and finding the new materials, and consequently the bicycle supply chains were strained

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