______ and _______ Are Key Dimensions for the Sourcing Function

question 17

Multiple Choice

______ and _______ are key dimensions for the sourcing function to consider when evaluating an outsourcing or off-shoring strategy:

• A) Cost and channels
• B) Innovative and functional
• C) Standardization and customization
• D) Scope and criticality
• E) None of the above

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Definitions:

Liquid Assets

Assets that can be quickly converted into cash without significant loss of value, facilitating financial flexibility.

Plant and Equipment

Tangible long-term assets owned by a business, used in the production or supply of goods and services.

Goodwill

An intangible asset that arises when a business is acquired for more than its fair market value, reflecting factors like reputation, brand, and customer loyalty.

Net Working Capital

The difference between a company's current assets and its current liabilities, indicating the liquidity and operational efficiency of the business.