Asked by damian sanchez on Jun 14, 2024
Verified
Most manufacturers today shy away from using global sourcing owing to the growing concerns over issues related to quality.
Global Sourcing
The practice of sourcing goods and services from the global market, across geopolitical boundaries.
Quality Issues
Refers to problems related to the standard or excellence of products or services, often leading to customer dissatisfaction.
- Comprehend the implications of international business strategies, including insourcing and global sourcing, on economics and employment.
Verified Answer
DD
diana dominguezJun 17, 2024
Final Answer :
False
Explanation :
This statement is incorrect. Many manufacturers today still use global sourcing despite concerns over quality issues. However, they may implement various measures to ensure quality control such as conducting thorough supplier evaluations, setting product specifications, and performing inspections or audits on received goods.
Learning Objectives
- Comprehend the implications of international business strategies, including insourcing and global sourcing, on economics and employment.