Define outsourcing and discuss its advantages and disadvantages
What will be an ideal response?
Answer: Outsourcing is the use of supply chain partners to provide products or services. The advantages of outsourcing are a very low investment risk, improved cash flow, access to state-of-the-art products and services, and high strategic flexibility. The disadvantages of outsourcing include the possibility of choosing a bad supplier, loss of control over the process and core technologies, communication and coordination challenges with the supplier, and a "hollowing out" of the corporation.
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The loss of dollars, jobs, reputation, and future business are not consequences of losing
customers. Indicate whether the statement is true or false
Assume you have decided to purchase a new automobile. Describe your internal information search. Then name the two types of external information sources. For each source, give two specific examples of information sources you might use.
What will be an ideal response?
Eastern Mountain Sports's multifunctional employee workbench that facilitates collaboration among internal and external stakeholders is
A) Extreme Deals. B) WebFOCUS. C) E-basecamp. D) RSS.
Off-price retailers and category killers are both
A. specialty retailers. B. discount stores. C. showrooms. D. general merchandisers. E. department stores.