When Comparing the Total Cost of Ownership from an International

question 3

Multiple Choice

When comparing the total cost of ownership from an international supplier to that of a domestic supplier,the international supplier's:

• A)lower labor costs are easily eroded by additional shipping and insurance costs.
• B)lower labor rates must be considered in the context of productivity and quality.
• C)lower labor costs offset the high cost of inefficient equipment and processes.
• D)prices are carefully controlled by the U.S.government to prevent dumping.
• E)price will be higher if the U.S.dollar is strengthening on the exchange rate.

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Definitions:

Standards of Excellence

Benchmarks or criteria set to measure the quality and performance of products, services, or organizational behaviors.

Compelling Purpose

A strong, inspiring goal or mission that drives individuals and organizations to achieve high levels of commitment and performance.

Teamwork

Collaborative effort of a group to achieve a common goal or to complete a task in the most effective and efficient way.

Lateral Decision Making

A collaborative approach to decision-making that involves peers at the same hierarchical level, promoting inclusivity and collective intelligence.