
Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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As countries like China and India become leaders in manufacturing, the costs of their expertise rises, diminishing their advantage against U.S. counterparts. At the same time, convoluted and increasingly risky supply chains dependent on inexperienced vendors have turned once stable brands like Boeing into the perfect “reshoring” case study. The following video explains why outsourcing can be bad for business.
The consumer: Does the consumer benefit? Are prices lowered by outsourcing? Why or why not?
Efficiency and productivity: Does outsourcing enhance efficiency and productivity? Why or why not?
Competition: Does outsourcing encourage competition? Is this a good thing? Why or why not?
Developing countries: Does outsourcing benefit developing countries? Why or why not?
International stability: Does outsourcing foster international cooperation, respect, and stability? Why or why not?
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Step 1: Explain outsourcing
VIEW Step 2: Explain Consumer Benefit: Yes, the price can be lowered as outsourcing can result in reducing or low
VIEW Step 3: Explain Efficiency and Productivity: Yes, Outsourcing can improve productivity as well as efficienc
VIEW Step 4: Explain Competition: Yes, outsourcing can promote competition as outsourcing assists companies or o
VIEW Step 5: Explain Developing Countries: Yes, outsourcing Can be advantages for developing countries as outsou
VIEW Step 6: Explain International Stability: Yes, outsourcing fosters international cooperation, respect, and s
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