A Firm Uses Strategic Sourcing Techniques to Reduce Its Costs

question 52

True/False

A firm uses strategic sourcing techniques to reduce its costs.This is an example of barrier to entry.

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Definitions:

Congruency

The state or quality of agreeing, being compatible or consistent.

Biased Sample

A nonrepresentative sample.

Representative Sample

A small group representing a larger group in terms of age, sex, ethnicity, socioeconomic status, orientation, for example.

Multistage Sample

A sampling method involving multiple phases of selection, often used in large-scale surveys to efficiently gather data.