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Lightwire Co

question 39

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Lightwire Co.made the decision a decade ago to make the copper wires it needs for its products in house rather than outsourcing this need.As a consequence,Lightwire was stuck with relatively higher costs over the long term,and is currently in negotiations to be bought out.Where,in the context of supply chain management,did Lightwire go wrong?


Definitions:

Survey

A method of gathering information from a sample of individuals, typically involving questionnaires or interviews.

Naturalistic Observation

A research method where subjects are observed in their natural environment without any manipulation or intervention by the researcher.

Laboratory Experiment

An experimental research method in which variables are controlled and manipulated in a lab setting to observe the effects on another variable.

Correlational Techniques

Statistical methods used to determine the relationship or association between two variables.

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