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2 years ago

why might a company decide to outsource (i.e., buy) a product that they currently make in their company-owned operations?

1 answer:

3 0

Companies outsource to save costs or improve the value of their goods. There are several options when deciding whether to outsource a business' operations or production.

The use of outsourcing has increased as a way for businesses to cut expenses and concentrate on what they do best. A business precise known as outsourcing involves a corporation hiring a third party to carry out duties, manage operations, or offer services on their behalf.

Reduce and manage operating expenses. Enhance the company's focus. liberate internal resources for fresh endeavors. Increase output for some time-consuming tasks for which the organization may lack the resources.

The finest examples of outsourcing include website creation, office and warehouse cleaning, and advertising.

To learn more about outsourcing

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The Environmental Protection Agency is considering an order that a 500-acre area on the outskirts of a large city be preserved i

Usimov [2.4K]

Answer:

The 500-acre area is scarce because it has alternative uses: preservation in its natural state or a site for homes. A choice must be made between these uses. The opportunity cost of preserving the land in its natural state is the forgone value of the land as a housing development. The opportunity cost of using the land as a housing development is the forgone value of preserving the land.

Explanation:

5 0

3 years ago

You are an international shrimp trader. A food producer in the Czech Republic offers to pay you 2.2 million Czech koruna today i

fredd [130]

Answer: The value of this exchange is $8,816.05.

Explanation:

The problem is dealing with a simple case of arbitrage of exchange rates: Lets assume that

k = koruna

b = baht

Step 1:

Sales Revenue = k2,200,000

(To get USD amount : $\frac{2,200,000}{25.36}=$86,750.7886$

Purchase Cost = b3,200,000

(To get USD amount : $\frac{3,200,000}{41.06}=$77,934.7297$

Step 2:

Profit = Sales Revenue - Purchase cost

= $86,750.7886 - $77,934.7297

= $8,816.0589

The value of this exchange is $8,816.05.

4 0

4 years ago

Identify the right HRM practice that can assist firms in becoming a high-performance organization.

Nina [5.8K]

Answer: Statement C

Explanation: Selection system is the most important system in an organization as it is related to employing the most important asset, that is, human resource.

If a firm wants to become a high performance, the employees working in it must be efficient in their jobs and it is dependent on selection process.

If the recruiter keeps the process of recruitment completely job related and legal checks are done then it can lead to high performance.

4 0

4 years ago

Read 2 more answers

Two mutually exclusive investment opportunities require an initial investment of $10 million. Investment A pays $1.5 million per

astraxan [27]

Answer: 15%

Solving this would require finding the rate/cost of capital that gives both investments the same present value.

Investment 1

Investment 1 is a perpetuity which means that it's present value can be calculated as,

= Amount/rate

= 1,500,000/r

Investment 2

Investment 2 pays $1,200,000 in the first year and then grows at a rate of 3% every year afterwards.

The Present Value of such can be calculated with the following equation,

= Amount / ( rate/cost of capital - growth rate)

= 1,200,000 / ( r - 3%)

To find the Rate that gives both figures the same Present Value, simply equate them.

1,500,000/r = 1,200,000 / (r - 3%)

1,500,000(r - 3% ) = 1,200,000r

1,500,000r - 45,000 = 1,200,000r

300,000r = 45,000

r = 45,000/300,000

r= 0.15

r = 15%

At 15% an investor regard both opportunities as being equivalent.

3 0

3 years ago

_________ variability is not one of the five sources of customer-induced variability.a. Arrival b. Capability c. Effort d. Deman

Zinaida [17]

Answer:

Demand

Explanation:

customer-induced variability in finance can be explained as kind of co- creation that exist in customer and the service script.

It should be noted that the five sources of customer-induced variability are;

1)arrival of customers

2) Capability variability

3) effort

4) Request from customer

5) subjective reffrence

The arrival of customers shows what customers have in their own plan.

The capability variability gives the ideal about the strength of the customer concerning the service

Effort describe how willing the customer is, to give their support.

Hence among the given option only demand variability is not one of the five sources of customer-induced variability.

8 0

3 years ago