Answer: The problem in outsourcing from low-cost country:
It is seeking goods and services beyond the border of a region. It is a process where organizations look for the most cost-effective place globally to manufacture their goods. Most organizations choose a global sourcing strategy as the cost is using lower abroad.
Explanation:
Outsourcing from low-cost countries a move by the company to cut costs as they have a huge presence of labor. It will allow them to concentrate on their core activities. But, there are some problems outsourcing from low-cost countries. Some are :
1. Sometimes the outsourcing does not provide the expected cost savings.
There might be new conflict and problem arising from different sources
2. There might be legal barriers present between the two different nations involved in outsourcing.
The OSH Act covers most private sector employers and their employees in the 50 states, the District of Columbia, Puerto Rico, and other U.S. territories. Coverage is provided either directly by the Federal OSHA or by an OSHA-approved state job safety and health plan.
Explanation:
The consumer choice theory corresponds to the variables that lead a consumer to consume a product or service instead of another.
The purchase decision-making process consists of several stages where the consumer identifies a need, searches for available options to satisfy that need and finally, evaluates and chooses the most appropriate purchase option.
This decision is linked to the benefits that the consumer will have with the product in relation to his budget.
The rate of inflation is 20%.
In September price is = 125
And in October price = 150
rate of inflation = (150 -125)/125 x 100
= 25/125 x 100
=0.2 x 100 = 20%
The correct answer is B. To plan effective strategies and specific tactics to accomplish the strategic objectives
Explanation:
The purpose of a situation analysis is to understand deeply a business strengths, potential for growth, areas to improve, among others. Additionally, a business analysis is an important step in a marketing plan that is used for businesses to set and achieve goals according to their situation. In this context, after the situation analysis, the next step is to set goals for the business and then to decide on the strategies and tactics that will be used because without specific strategies it would not be possible to achieve the proposed goals.
Also, after the strategies have been implemented you can evaluate the results or implementation and conduct another situation analysis to verify the business grew or there was an improvement. Thus, the next step after setting goals is "To plan effective strategies and specific tactics to accomplish the strategic objectives."
