In the _____ Approach, a Manufacturing Company Uses Outside Suppliers

question 70

Multiple Choice

In the _____ approach, a manufacturing company uses outside suppliers to provide entire chunks of a product, which are then assembled into a final product by a handful of workers.

• A) virtual network
• B) modular
• C) virtual organization
• D) team
• E) matrix

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Definitions:

Legal Structure

The organizational form a business takes, which can affect liability, taxation, and regulatory obligations.

Employee Retention

The ability of an organization to retain its employees and reduce turnover by creating a positive working environment and offering incentives.

Gain

An increase in wealth, resources, or advantages, often realized through investment, business operations, or other economic activities.

Existing Partners

Current collaborative entities or individuals that are engaged in a business agreement or relationship with one another.