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Managers Are Considering Outsourcing the Subcomponents of a Product

question 35

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Managers are considering outsourcing the subcomponents of a product.They collect data about the costs of making the subcomponents in-house.They then seek different bids from suppliers to purchase the subcomponents.What managerial activity applies in this situation?


Definitions:

Work Group

A collection of individuals who come together to achieve a specific goal or task, but may not necessarily function as a cohesive, integrated unit.

Group Members

Individuals who belong to a specific group and participate in its activities, sharing common interests, goals, or characteristics with other members.

Work Teams

Groups of individuals who collaborate towards a common goal, sharing responsibilities and tasks to achieve objectives.

Shared Leadership

A leadership style where control and decision-making responsibilities are distributed among members of a group or team, rather than being centralized in a single leader.

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