A __________ Decision Is One in Which Companies Have to Decide

question 7

Multiple Choice

A __________ decision is one in which companies have to decide whether they should manufacture a product or outsource production to another firm.

• A)goal seek
• B)two-way
• C)voting-based
• D)make-versus-buy

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Definitions:

Bargaining Power

The relative capacity of parties in a negotiation to influence the terms of their agreement.

Globalization

The act of connecting and merging between individuals, businesses, and state entities globally, frequently motivated by international trade and investment, and supported by information technology.

Financialization

The increasing dominance of financial markets, financial motives, financial institutions, and financial elites in the economy, affecting the management and control of companies and even governments.

Information Technology

The use of computers, networking, and other physical devices and processes to create, process, store, secure, and exchange all forms of electronic data.