With Cross-Sourcing, How Many Suppliers Provide Each Component on a Regular

question 25

Multiple Choice

With cross-sourcing, how many suppliers provide each component on a regular basis (i.e., excluding backup suppliers) ?

• A) 1
• B) 2
• C) 3
• D) equal to the total number of components
• E) equal to the number of countries to which the final product is sold

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Definitions:

Exporting

Is the process of making a product in the firm’s domestic marketplace and then selling it in another country. Exporting can involve both goods and services.

International Business Strategy

A plan of action that companies adopt to enter and compete in the global marketplace.

Trade Controls

Regulations and policies implemented by governments to oversee the import and export of goods and services, often for reasons of national security, economic protection, or foreign policy.

Labor Unions

Organizations that represent workers in negotiations with employers over wages, working conditions, and rights.