A firm is evaluating country risk as a first step in its outsourcing provider selection process.Legal issues,currency risk,political risk,and cultural compatibility have been assigned weights of 30%,10%,20%,and 40%,respectively.Three countries were scored on each of those risk factors (see table below)using a scale of 1-10,with a score of 1 meaning high risk and 10 meaning minor risk.Using the factor-rating method,which country appears to have the least risk overall?
Definitions:
Product Price
The amount of money charged for a product or service, set by the seller.
Production Department
The production department is a segment within a manufacturing company responsible for the processes and activities related to producing the company's products.
Manufacturing Processes
The series of steps involved in the production of goods, from raw materials to finished products.
Plantwide Allocation Base
A single criterion, often direct labor hours or machine hours, used to allocate the total overhead of a plant to various products or cost objects.
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