Identify an advantage and disadvantage of implementing multiple sourcing
What will be an ideal response?
Multiple sourcing means buying a product from several different suppliers. Under this system, suppliers are more likely to remain price competitive. And if one supplier has problems with delivery, the firm has others to fall back on. One of the disadvantages to purchasing from multiple sources is that a firm may not have much clout with a supplier when it comes to negotiating prices and contract terms. Also, having many suppliers increases the firm's administrative costs because it has more invoices to pay, more contracts to negotiate, and more salespeople to see than if it used a single source.
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Centralized buying enables chain retailers to receive quantity discounts, greater bargaining power, and better fit with local market needs
Indicate whether the statement is true or false
Alyssa enjoys her job in part because it requires her to do different activities that require different abilities. According to the job characteristics model, Alyssa enjoys the ______ of her job.
A. skill variety B. task identity C. autonomy D. task significance
The ________ of an organization refers to the processes by which decisions are evaluated and made on the basis of right and wrong.
A. span of control B. ethical climate C. distribution policy D. legal responsibility E. strategic objective
A bond's principal value is also referred to as the maturity value because:
A. it is always repaid at a discount prior to the bond's maturity. B. it is written on the face of the debt contract. C. it is repaid at the maturity date. D. it is added to interest payments that are repaid at the maturity date. E. it is issued at a value below par value to generate a positive capital gain.