GM typically solicits bids from global suppliers to produce a component and awards a 1-year contract to the supplier that submits the lowest bid. At the end of the year, a contract is once again put out for bid, and once again the lowest cost supplier is most likely to win the bid. Which of the following is GM using?
A. Strategic outsourcing
B. Competitive bidding
C. Strategic bidding
D. Long-term alliance
E. Hostage taking
Answer: B
You might also like to view...
Stock investors view equity as a claim against the company that must be satisfied before they get a return on their money
a. True b. False Indicate whether the statement is true or false
When the Cash Short and Over account has a credit balance at the end of the month, it is considered
a. an expense; b. a revenue; c. an asset; d. a liability; e. owner's equity
All of the following are tasks a researcher must perform in formulating a research design EXCEPT:
A) specify the information needed. B) determine how to make the research design error free. C) specify the measurement and scaling procedures. D) determine the sampling process and sample size. E) develop a plan of analysis.
Auditors must employ independent geologists to evaluate management's estimate of the reserves contained in a new discovery of natural resources
a. True b. False Indicate whether the statement is true or false