Relying on Outsiders to Perform Certain Value Chain Activities Offers

question 3

Multiple Choice

Relying on outsiders to perform certain value chain activities offers such strategic advantages as

• A)ensuring more costly components or services.
• B)improving the company's inability to innovate by allying with "best-in-class" suppliers.
• C)reducing the company's risk exposure to changing technology and/or changing buyer preferences.
• D)increasing the firm's inability to assemble diverse kinds of expertise speedily and efficiently.
• E)reducing its information technology and operational costs so that organizational flexibility is maintained.

Understand the legislative background and the legal framework of the Federal Trade Commission (FTC) including the FTC Act.

Identify the principles and specifics regarding the Telemarketing Sales Rule (TSR) and Do-Not-Call Registry.

Recognize the legal consequences and penalties for violations of the FTC Act and other related consumer protection laws.

Describe the process and outcomes of administrative hearings conducted by the FTC.

---

Definitions:

Demand Deposits

Bank account balances that can be accessed and withdrawn by the depositor at any time without advance notice.

Money Supply

The complete value of all money resources in an economy during a particular time frame.

Checking Account

A bank account that allows easy access to funds, typically through checks and electronic debits, for everyday transactions.

Newly Received Loan

Funds borrowed for the first time, typically involving an agreement on repayment terms and interest rates.