Outsourcing Manufacturing Tend to Occur When

question 56

Multiple Choice

Outsourcing manufacturing tend to occur when:

• A) There are constant changes in customer tastes
• B) Firms need flexibility in responding to marketplace needs
• C) Companies are able to maintain control over brand names, new product development and/or distribution
• D) All are reasons to outsource manufacturing

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Definitions:

Supply And Demand

Fundamental economic model describing how the availability of a product (supply) and the desire for that product (demand) determine its price.

Employees

Individuals who are hired by an organization to perform specific duties in exchange for compensation.

Human Resource Planning

The process undertaken by an organization to ensure the right number and types of employees are available to meet current and future needs.

Strategic

Pertaining to the identification and prioritization of long-term or overall aims and interests and the means of achieving them.