One Benefit from Benchmarking Sourcing Practices Is

question 34

Multiple Choice

One benefit from benchmarking sourcing practices is:

• A)Savings in energy consumption and materials,lower distribution costs,and improved corporate image among regulators,customers and community.
• B)Lower prices of goods and services,use of fewer buyers and lower administrative costs.
• C)Larger market for products,economies of scale in purchasing and production,and lower labor costs.
• D)Allows firms to potentially leapfrog the experience-gaining stage by trying things that have worked well for other companies.

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Definitions:

Net Present Value

A method used in capital budgeting to assess the profitability of an investment or project, calculating the present value of all cash flows associated with the investment.