When the Following Conditions Apply: "Made In" Advantages, Patriotism, Competitive

question 41

Multiple Choice

When the following conditions apply: "made in" advantages, patriotism, competitive advantages in service, and labor costs are low in relation to total costs, firms are likely to use what type of sourcing strategy:

• A) Maintain home market suppliers and manufacturing
• B) Use regional suppliers
• C) Use global sourcing
• D) All of the above

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Definitions:

Ethical Principles

Fundamental guidelines that dictate behavior and conduct, often used to guide actions in professional and personal settings to ensure fairness, integrity, and respect.

Social Contract Ethical Theory

A theory in philosophy that posits the legitimacy of authority of the state over the individual is grounded in a contractual agreement among individuals in a society.

Ethical Lifestyle

A way of life or behavior that is conducted according to principles of what is morally right or acceptable, often involving conscious choices that promote sustainability and minimize harm to others.

Ethic Of Responsibility

A moral philosophy emphasizing the importance of taking responsibility for the consequences of one's actions, particularly in relation to others and society.