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Discuss Guidelines Used to Determine Whether a Firm Should Conduct

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Essay

Discuss guidelines used to determine whether a firm should conduct R&D internally or externally.


Definitions:

Processes

Structured sets of activities or tasks that, when executed in sequence, achieve a specific outcome or goal.

Push

A type of supply chain management strategy where production is based on forecasted demand, pushing products onto the market regardless of current demand levels.

Pull

A supply chain management strategy where production is based on customer demand rather than forecasting.

Supply Chain Processes

The series of steps involved in producing and distributing goods, from raw materials to the delivery of finished products to consumers.

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