Audio Component Outsourcing (Scenario)

question 77

Multiple Choice

Audio Component Outsourcing (Scenario)
Echo Corp., a company based in Boston, manufactures high-quality audio components, such as speakers, amplifiers, and receivers for home entertainment systems. Echo has been losing market share in recent years due to the competitive pricing of other audio component manufacturers that engage in global sourcing. Echo managers are attempting to convince Nathan Douglas, the firm's founder and CEO, that global sourcing would enable the firm to be more competitive without sacrificing quality.
-Which of the following is a benefit of global sourcing?

• A) bridging of the rich-poor divide
• B) minimal reliance on suppliers
• C) access to qualified personnel abroad
• D) elimination of competitors

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Definitions:

Enlightenment

A cultural and intellectual movement in Europe, which emphasized reason, scientific inquiry, and individual liberty over traditional social hierarchies and religious dogma.

Secularisation

The process by which religious institutions, practices, and beliefs lose their social significance, reflecting a societal shift towards secular or non-religious values.

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