Examlex
Scott is the business head of a software development firm that wants to increase its market share to 30 percent in the next 5 years.The company feels that the best way to go about this is to acquire smaller firms that have a promising talent pool.In his capacity as a business head,Scott is required to plan how the company will arrange for the necessary finances for these acquisitions.Scott is engaging in ________ for the firm.
Outside Supplier
An outside supplier is an external entity that provides goods or services to a company, not tied by corporate affiliation.
Unit Product Cost
The total cost to produce one unit of a product, including direct materials, direct labor, and overhead.
Make or Buy
Decision-making process used by firms to choose between manufacturing a product in-house or purchasing it from an external supplier.
Relevant Decision
A decision-making process that involves choosing among various options based on their potential impact on key business outcomes.
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