Which of the Following Is Not True in Regards to Global

question 29

Multiple Choice

Which of the following is not true in regards to global sourcing?

• A) Global sourcing requires supply management to view the entire world as a potential source for components, services, and finished goods.
• B) The major objective of global sourcing is to provide immediate and dramatic improvements in cost and quality as determined through the commodity research process.
• C) Global sourcing is an opportunity to gain exposure to product and process technology, increase the number of available sources, satisfy countertrade requirements, and establish a presence in foreign markets.
• D) Global sourcing is not contradictory to supply base optimization because it involves locating the worldwide best-in-class suppliers for a given commodity.
• E) Global sourcing cannot be used to access new markets or to gain access to the same suppliers that are helping global companies become more competitive.

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Definitions:

Skeptical Audience

A group of individuals who are inclined to doubt or question the validity of the information presented to them.

Raw Data

Raw data are the unprocessed facts and figures collected from different sources that need analysis to make them meaningful.

Market Analysis

Market analysis involves the evaluation of a specific market within an industry, assessing its dynamics, trend, competition, and customer behavior to inform business strategies.

Proposal Planning

The process of developing a detailed strategy or plan for creating a proposal, usually aimed at achieving a specific goal or outcome.