An automobile company enters into a long-term contract with two suppliers for the same automobile tool.This is to ensure the company is protected in the event of one of the suppliers adopting an uncooperative attitude.Which of the following concepts is illustrated in this scenario?
A) Outsourcing
B) Vertical integration
C) Horizontal integration
D) Parallel sourcing
E) Full integration
Correct Answer:
Verified
Q31: Antitrust authorities:
A) favor large companies.
B) reduce industry
Q40: Horizontal integration may be thought of as:
A)
Q42: John's surfboard shop has a long-term relationship
Q43: Credible commitments refer to:
A)believable promises that support
Q45: When technology in an industry is changing
Q47: To build trust io a cooperative relationship,
Q48: Companies invest in specialized assets because these
Q49: Long-term agreements between two or more companies
Q60: Under which of the following circumstances is
Q67: Outsourcing occurs when a firm:
A) buys one
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