Which of the Following Is True of Hiring a Third-Party

question 46

Multiple Choice

Which of the following is true of hiring a third-party consultant instead of managing the survey internally?

• A)It makes the process inefficient due to the lack of expertise.
• B)It introduces subjectivity into the process.
• C)It may trade off some power over the decisions that determine the quality of the data.
• D)It reduces the company's expenses.
• E)It helps the company gain a greater control in assessing the usefulness of the data.

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Definitions:

Supply-Chain Management

Involves the strategic planning and execution of supply chain operations, focusing on optimizing cost, quality, and delivery to enhance customer value.

Compete

To strive against others for the purpose of achieving a goal, such as winning a market share or achieving a business objective.

Strategic

Pertaining to the identification, planning, and execution of actions designed to achieve long-term goals and objectives.

Purchasing

The process of obtaining goods or services, typically for business purposes, from an external source.