Outsourcing production may increase a firm's flexibility in some ways, but it may also make production costs higher and quality control more difficult.
Answer the following statement true (T) or false (F)
True
Outsourcing production can reduce costs and increase flexibility. However, it sometimes introduces problems. The reputation of a firm's brand often depends on the quality of the manufacturing behind it. Some firms find it difficult to control quality with outsourcing.
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Cash flows from borrowing and paying off a 90-day bank loan are classified as
a. operating activities. b. investing activities. c. financing activities. d. purchasing activities.
The main trait of a single-period model is that:
A) inventory has limited value after a certain period of time. B) it has the largest EOQ sizes. C) the order quantity should usually equal the expected value of demand. D) supply is limited. E) the cost of a shortage cannot be determined accurately.
The economic-buyer model
A. suggests that men and women behave differently as buyers. B. is seen as too simplistic by most marketing managers. C. assumes that consumers are affected by psychological variables and social influences. D. assumes that buyers don't have enough information to make logical choices and, as a result, buy products that are not a good value. E. None of these answers is correct.
In Blimka v. My Web Wholesalers, which involved a dispute between an Idaho resident who ordered jeans from a Maine website-based seller, the Idaho court held that due to diversity of citizenship the case would have to be heard in federal court
a. True b. False Indicate whether the statement is true or false