GM Typically Solicits Bids from Global Suppliers to Produce a Particular

question 70

Multiple Choice

GM typically solicits bids from global suppliers to produce a particular component and awards a 1-year contract to the supplier that submits the lowest bid.At the end of the year,a contract is once again put out for competitive bid,and once again the lowest cost supplier is most likely to win the bid.GM is using which of the following?

• A) Strategic outsourcing
• B) Competitive bidding
• C) Long-term contracting
• D) Strategic alliance
• E) Hostage taking

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Definitions:

Red Nuclei

Midbrain structures involved in motor coordination, notably part of the pathway for voluntary movements.

Auditory Pathways

The neural pathways that carry auditory information from the ears to the brain for processing and interpretation.

Motor Activities

Physical actions and movements generated by the muscle systems under control of the nervous system.

Sensory Information

Data obtained from the environment by sensory receptors, then transmitted to the brain for processing and response.