One of ValuTech's Objectives for the Year Is to Bring

question 34

Multiple Choice

One of ValuTech's objectives for the year is to bring down the firm's production costs by 5 percent. To meet this objective, managers have suggested the following alternatives:
(1) Use alternate suppliers who can provide raw materials at a lower cost.
(2) Adopt cutting-edge technology that makes the production process more efficient.
-What is the underlying assumption in the second alternative?

• A) Competitors are also likely to adopt high-end technology.
• B) Consumers' purchase decisions are directly influenced by the manufacturing process.
• C) The availability of better technology translates into higher worker productivity.
• D) The costs associated with upgrading will outweigh the benefits.
• E) Alternate suppliers can provide raw materials at a lower cost.

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Definitions:

Social Behavior

Actions among individuals that take into account the reactions or welfare of others, often within the context of a group or society.

Computer-Mediated Groups

Teams or groups that interact and communicate primarily through digital platforms and technology rather than face-to-face.

Cooperative

An organization or group owned and operated for the mutual benefit of its members, or the practice of individuals working together towards a common goal.

Schmoozing

Informal conversations for the purpose of networking or building rapport and relationships, often used in professional settings.