Identify a Reason Why Companies Choose to Make Versus Buy

question 31

Multiple Choice

Identify a reason why companies choose to make versus buy.

• A)They have the capability to perform an activity better than other firms.
• B)They lack the marketing capability to build a brand that will differentiate its products.
• C)Coordinating multiple activities in the value chain is always easy.
• D)It offers the flexibility to make changes to any activity in the value chain.

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Definitions:

Connected Economy

An economic system characterized by the increased connectivity of people, businesses, and devices, facilitated by the internet and digital technologies.

Senior Managers

Are high-level executives who are responsible for overseeing the operations and strategic direction of a company or a significant part of it.

Virtually

Nearly or almost the same as being described, without being exactly that; or by means of virtual or online platforms.

Globally

Globally refers to something that occurs or is relevant across the entire world, encompassing international boundaries and cultural diversities.