In the ________, the firm begins with an assessment of whether they will lose or gain a competitive advantage by outsourcing the product or some aspect of its production.
A) strategic planning process
B) make-buy analysis
C) conversion process
D) output process

Question

Quizplus · Accepted Answer

The make-buy analysis is a decision-making process where a company assesses whether it should produce a product internally or outsource it to a third party. The company evaluates the costs, quality, and other factors to determine if outsourcing will give them a competitive advantage or not. The strategic planning process is a broader approach to developing a company's long-term goals and objectives. The conversion process and output process are related to the manufacturing or production process of the product and are not directly related to the decision of outsourcing.

In the ________, the Firm Begins with an Assessment of Whether