Multiple Sourcing Can Add Quality Variability to the Sourced Product

question 4

True/False

Multiple sourcing can add quality variability to the sourced product because of the use of different materials, manufacturing techniques, and processes.

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Definitions:

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including materials, labor, and manufacturing overhead.

Gross Profit

The difference between sales revenue and the cost of goods sold.

Cost of Goods Sold

The direct monetary outlays for the creation of goods a company markets, including costs for labor and materials.

Cost of Goods Sold

Costs directly incurred from the process of manufacturing goods that a company sells, including the costs of materials and labor.