The following statement is true about outsourcing as itrelates to business:а.The price of labour is exorbitantO b. The workforce is usually not educated in mostcasesO c. They gain access to specialized equipmentO d. Processes are usually inefficienthas the greatest advantage of lower costlabor, regional suppliers, and local knowledge when makingproduction decisions.Global Supplies Inc. is an international company operatingin over 10 countries. Since the firm is large it will most likelypursueas the mode of entry intoanother country to gain quick access to the market.

Dear student as per our guidelines we can answer only 1 question in case of multiple questions…

Answered: The following statement is true about…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

See similar textbooks

Similar questions

1.How would you distinguish between operations processes and supply chain processes? With an example, illustrate how servitisation may be used by manufacturing organisations. What is the relationship between efficiency and value? Why is sustainability an important component in a firm’s strategy development? The Shell Oil Company has “People, Planet and Profit” as its triple bottom line phrase. Whatdoes the term “People” as contained in the phrase mean? Why must supply chain risks be determined and managed? From an economic point of view, provide a justification for product and service design orredesign. State one consequence a firm is likely to suffer as a result of a lengthy product design. Explain why quality is cited by CEOs and business leaders as the most important factor in thelong-term profitability and success of the firm. What production strategy would you say best describes the construction of the Akosombodam? Identify the production process likely to be used by a…
Y5 you are called to create the operations strategy for a europian luxry furniture manufacturar who has a150 year old heritage of existence in the European market . use this background to illustrate the organizations operation strategy
Operations Strategy: Discuss the different competitive priorities (e.g., cost, quality, delivery) that companies can focus on in their operations strategy. How can a company achieve a balance between these priorities?
– As we know, operations management is a process of value addition by transforming input into output. Pick any company of your choice that is working in Pakistan that you know better and answer the following based on that company a – Please explain detailed ITO process. b – As a Operations Management student, what do you think how do that company measure their operational performcance?
What is a production and operations strategy? Discuss the elements in common with marketing and financial strategies and the elements that are different.
Rather to outsourcing the development of a new system, why shouldn't Petrie's staff do it themselves?
Explore the websites for several competing companies on the Fortune 500 list. Based on the information you find, on which competitive priorities do these firms appear to focus? What can you say about their operations strategies (either explicit or implied)?
(trends and challenges of outsourcing in business)this is the topic( create the business letter and memo of this topic)
FedEx built its business on quick, dependable delivery of items being shipped by air from one business to another. Its early advantages included global tracking of shipments using Web technology. The advancement of Internet technology enabled competitors to become much more sophisticated in order tracking. In addition, the advent of Web-based businesses put pressure on increased ground transportation deliveries. Explain how this change in the environment has affected FedEx’s operations strategy, especially relative toUPS, which has a strong hold on the business-to-consumer ground delivery business.
Operations strategy is about reconciling the pressures meeting market requirements and developing operations resources. Briefly explain this
Canon, a Japanese manufacturer of photographic equipment, decided against offshoring and kept its manufacturing and new product development processes in Japan, which has relatively high labor costs. In contrast, GM, headquartered in the United States, has a joint venture with Shanghai Auto Industry Corporation (SAIC) to produce cars in China. Givenour discussion of outsourcing, offshoring, next-shoring, and supply chain design, discuss how these two seemingly diverse decisions could be supportive of each company’s operations strategy.
Having completed the analysis of the internal assessment, it is critical that Peter understands how changes in the macro-environment can impact his business. Apply the PESTEL framework to Peter’s operations. use Jamaica as an example when discussing the PESTEL factors. Information from the scenario must be included to support the discussion. Please see attachment of scenario.

SEE MORE QUESTIONS

Recommended textbooks for you

Understanding Business

Management

ISBN:

9781259929434

Author:

William Nickels

Publisher:

McGraw-Hill Education

Management (14th Edition)

Management

ISBN:

9780134527604

Author:

Stephen P. Robbins, Mary A. Coulter

Publisher:

PEARSON

Spreadsheet Modeling & Decision Analysis: A Pract…

Management

ISBN:

9781305947412

Author:

Cliff Ragsdale

Publisher:

Cengage Learning

Understanding Business

Management

ISBN:

9781259929434

Author:

William Nickels

Publisher:

McGraw-Hill Education

Management (14th Edition)

Management

ISBN:

9780134527604

Author:

Stephen P. Robbins, Mary A. Coulter

Publisher:

PEARSON

Spreadsheet Modeling & Decision Analysis: A Pract…

Management

ISBN:

9781305947412

Author:

Cliff Ragsdale

Publisher:

Cengage Learning

Management Information Systems: Managing The Digi…

Management

ISBN:

9780135191798

Author:

Kenneth C. Laudon, Jane P. Laudon

Publisher:

PEARSON

Business Essentials (12th Edition) (What's New in…

Management

ISBN:

9780134728391

Author:

Ronald J. Ebert, Ricky W. Griffin

Publisher:

PEARSON

Fundamentals of Management (10th Edition)

Management

ISBN:

9780134237473

Author:

Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo

Publisher:

PEARSON

SEE MORE TEXTBOOKS