Cross-Sourcing Occurs When the Majority of Business Is Given to One

question 26

True/False

Cross-sourcing occurs when the majority of business is given to one supplier and the other supplier is treated as a backup supplier.

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Definitions:

Strategic Goal

A long-term, broad aim that an organization seeks to achieve in order to realize its mission and vision.

Growth Targets

Specific objectives set by a business or organization aiming for a certain level of expansion or development within a given timeframe.

Incentive Pay

Financial reward given to employees beyond their regular salary, often based on performance criteria, to motivate and encourage higher productivity.

Downside Risk

The potential for loss or negative outcome in an investment or business situation.