Cisco Has Outsourced Almost All of Its Manufacturing

question 23

Multiple Choice

Cisco has outsourced almost all of its manufacturing.It does,however,have a sourcing strategy that varies by product type.For low-end products such as routers for home networks,Cisco aims for efficiency.These routers are produced and packed in what country that supports this strategy?

• A) Italy
• B) China
• C) United States
• D) Canada

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Definitions:

Welfare

Programs and policies designed to help individuals and families in need, usually provided by the government.

Stagflation

A situation in the economy characterized by slow growth and high unemployment coupled with high inflation.

Price Level

The total mean price of the complete array of goods and services in the economy.

Real Output

Real output refers to the total amount of goods and services produced, adjusted for price changes and inflation, giving a more accurate reflection of an economy's size and growth.