The supply chain Management of the strategic sourcing process is sometimes kicked off in response to an entirely new need within an organization.
Explanation:
The main purpose of strategic sourcing is to save money, acquisition process, supplier performance, and minimizing risk.
Based on the seven steps the strategic source processing is performed. They are profile the category means that it defines the categories and commodities in it.
The second step is supply market analysis describes about the cost components of the products or service. Develop the strategy is the next step in which decides where to buy while minimizing risk and cost and how to develop sourcing strategy. The next step is selecting source process which is used as a request for proposal process.
Then negotiate and selection suppliers is used to conduct multiple rounds of negotiation to get a shortlist.
The sixth step is implement and integrate are used for implementation process. The final step is benchmark and track results is the key element for sourcing process.
Answer: D. Smaller measure of tolerable misstatement.
Explanation:
The sample size simply means the number of participants that are included in a study. They're the group of subjects which are picked and selected from the population and represents the general population for that study.
From the options given, it should be noted that a smaller measure of tolerable misstatement will lead to a larger sample size.
For each of the following goods that are imported in the United States, abundant input is the only source of comparative advantages that accounts for that country's comparative advantage. Therefore, the option A holds true.
<h3>What is the significance of a comparative advantage?</h3>
A comparative advantage can be referred to or considered as a situation in which a producer has an economic advantage over the other in a number of economic activities. At least two economies need to be a part of the society for the occurrence of a comparative advantage.
Abundant inputs is one of the key sources of comparative advantage. It is considered as a source that can account for another country's comparative advantage, when it lets the United States import its goods.
Therefore, the significance regarding comparative advantage has been aforementioned.
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Answer:
Can be no lower than its world beta
Explanation:
For most countries and most firms, the domestic country beta c<u>an be no lower than its world beta.</u>
Answer:
It allows you to get an insight into the working life of the profession. It allows you to get an insight into the employer and organisational culture. It gives you a different perspective on your work by learning from others' experiences. It expands your network and helps you make professional contacts
Explanation:
