Of the Following,which Is NOT an Advantage of Global Procurement

question 39

Multiple Choice

Of the following,which is NOT an advantage of global procurement?

• A) The firm does not need to invest the money that is associated with making.
• B) The firm can focus upon the production stages and components with the most value added.
• C) The firm can maximize its flexibility by allocating its orders among the suppliers in a dynamic way.
• D) If global suppliers are selling to many companies in the same industry but in different countries,these suppliers can achieve economies of scale and lower costs.
• E) The firm does not rely upon suppliers on important dimensions such as quality,delivery,and cost.

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Definitions:

Insurance Company

A financial institution that offers policies to individuals or entities, offering protection from financial losses in exchange for premiums.

Car Theft

The act of unlawfully taking another's car with the intent to permanently or temporarily deprive the owner of it.

Private Information

Information that is not publicly available and is held by some individuals or firms, giving them an advantage.

Mutually Beneficial Transactions

Trade or exchange agreements where all involved parties gain a benefit or advantage from the interaction.