Question 34 Show
Multiple Choice Question 34When the firm doing the outsourcing and the supplier that will provide the outsourced goods and services are located in the same country,it is called _____.
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What is it called when a firm outsources to a supplier located in a different country?Offshore outsourcing is the practice of hiring an external organization to perform some business functions ("Outsourcing") in a country other than the one where the products or services are actually performed, developed or manufactured ("Offshore").
When a firm buys components and raw materials globally What does it refer to?Global sourcing refers to buying the raw materials, components, complete products, or services from companies located outside the home country.
When considering the one versus many location for production facilities for components?When considering the one-versus-many location for production facilities for components and raw materials some of the most important considerations are: fixed costs, minimum efficient scale and its comparison to demand, and the value-to-weight ratio.
When the goods dominate the value of a product it is typically called a manufacturing system?When the goods dominate the value of a product, it is typically called a manufacturing system. The activities in operations management can be grouped into four business functions: procurement, production, logistics, and research and development.
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