A Make-Buy Decision Refers to

question 65

Multiple Choice

A make-buy decision refers to

• A)the decision-making process that determines whether a product is sustainable.
• B)the decision-making process to determine which manufacturer meets a firm's evaluative criteria for the production of a new component part or equipment.
• C)an evaluation of whether components and assemblies will be purchased from outside suppliers or built by the firm itself.
• D)an evaluation of different suppliers to determine which one can fill an order without having to make any changes to the original product while maintaining the same level of quality.
• E)the decision-making process to determine which supplier can fill an order the fastest by a specified time period.

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Definitions:

Little Albert

The subject of a famous psychology experiment by John B. Watson, demonstrating how emotional responses could be conditioned in humans.

Classical Conditioning

A learning process that pairs a neutral stimulus with a stimulus that elicits a reflexive response until the neutral stimulus alone elicits that response.

Observational Learning

A form of social learning where behaviors are learned by watching and imitating the actions of others.

Conditioned Taste-Aversion

Learning to avoid a food or drink because it has been associated with an illness or negative experience, even after only one exposure.