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WINSTONCH [101]
2 years ago
15

Please explain the largest benefit and and the largest risk associated with outsourcing of a company.

Business
1 answer:
QveST [7]2 years ago
6 0

Explanation:

Companies primarily outsource cost reduction. Yet today it is not just a matter of reducing costs but also of taking advantage of the advantages of practice for outsourcing, such as gaining professional skills, minimizing turnover, agile personnel and improving efficiency.

For many businesses, outsourcing — using external companies to handle the job usually done within a company— is a familiar concept. Small businesses often outsource manufacturing, billing, marketing, and many others because they have no choices. Most big firms outsource production to raise.

More broadly, outsourcing risks are usually covered by four broad categories: loss of control; loss of innovation; loss of trust in organizations; and higher transaction costs than expected.

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A 10% rise consumer income results in a 4% decrease in the quantity demanded for pasta. the income elasticity of demand for past
Stells [14]
The income elasticity of demand for pasta is -0.4 based on the data from the question above. The answer to this problem can be solved using the elasticity formula which stated as ED = Q percent change / I percentage change where ED is the elasticity of demand, Q is the quantity of the product, and I is the consumer's income<span>. (Calculation: -4%/10%=-0.4)</span>
5 0
2 years ago
Use the DuPont system and the following data to find return on equity.(Do not round intermediate calculations. Round your answer
hjlf

Answer:Return on Equity= 37.1%

Explanation:

According to the DuPont Analysis System,  

Return on Equity = Leverage Ratio x Net profit margin x Total asset turnover

Return on Equity = 2.8 x 5.3% x 2.5

Return on Equity=0.371

Return on Equity= 37.1%

6 0
3 years ago
What do most business people think is the primary purpose of business?
diamong [38]

Answer:

To invest all profits back into the business

5 0
3 years ago
Read 2 more answers
Stu's Mellow Meter Miser (MMM) has recently experienced a sales decline due to the entry of a lower-priced competitor, Kelly's C
qaws [65]

Answer:

<u>New York Times (NYT) Cost per Thousand Impressions (CPM): </u>

Cost per Thousand Impressions = Advertisement Cost / (Impressions / 1000)

Cost per Thousand Impressions = $12,000 / (251,000 /1000)

Cost per Thousand Impressions = $12,000 / 251

Cost per Thousand Impressions = $47.8

<u>NYT CPM for College Professors: </u>

Impressions generated = 251,000 × 11%  

Impressions generated = 27610

CPM = Advertisement Cost / (Impressions / 1000)

CPM = $12,000 / (27610 / 1000)  

CPM = $12,000 / 27.61  

CPM = $434.6

7 0
2 years ago
An increase in the price of good B resulting from a decrease in the supply of B caused an increase in the demand for good C. Thi
OleMash [197]

Answer:

The correct answer is: substitutes.

Explanation:

A decrease in the supply of good B will cause the supply curve to move to the left. This leftward shift in the supply curve will cause the price of good B to increase.  

The consumers will prefer a cheaper substitute, so when the price of good B increases, the demand for good C will increase.  

This indicates that good B and good C are substitute goods.

8 0
3 years ago
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