Evaluation of Whether Components and Assemblies Will Be Purchased from Outside

question 171

Multiple Choice

evaluation of whether components and assemblies will be purchased from outside suppliers or built by the firm itself is referred to as a

• A) modified rebuy.
• B) make-buy decision.
• C) new buy.
• D) cost analysis.
• E) buy class decision.

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Definitions:

Separating Equilibrium

A situation in a game or market where different types of participants (often with private information) are sorted into different groups based on their actions or choices.

Klutzes

Informal for clumsy people who are often prone to accidents or mishandling objects.

Dull Lectures

Boring or unenthusiastic presentations or talks, often resulting in little interest or engagement from the audience.

Marginal Cost

The rise in expense associated with the production of an extra good or service unit.