GM Typically Solicits Bids from Global Suppliers to Produce a Particular

question 53

Multiple Choice

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

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

---

Definitions:

Chloroplasts

Organelles found in plant cells and some algae that conduct photosynthesis, converting light energy into sugar.

Photosynthesis

The process by which green plants and some other organisms use sunlight to synthesize nutrients from carbon dioxide and water, producing oxygen as a byproduct.

Stroma

Region within a chloroplast that surrounds the grana; contains enzymes involved in the synthesis of carbohydrates during the Calvin cycle of photosynthesis.

Chloroplast

Membrane-bound organelle in algae and plants with chlorophyll-containing membranous thylakoids; where photosynthesis takes place.