Asked by Jacob Rosmarin on May 08, 2024
Verified
Which of the following best describes Vizio's supply chain
A) few suppliers.
B) keiretsu.
C) joint venture.
D) vertical integration.
E) virtual company.
Virtual Company
A business that operates online and does not have a traditional brick-and-mortar physical presence, often relying on digital networks for operations.
Vizio's Supply Chain
The network of suppliers, manufacturers, and logistics providers Vizio uses to produce and distribute its electronics products.
Few Suppliers
A procurement strategy where a company relies on a small number of suppliers for the provision of certain goods or services, often to increase quality control and build strong relationships.
- Investigate diverse approaches within supply chain management, like drop shipping, joint ventures, and vertical integration.
Verified Answer
SS
Shannon SmithMay 15, 2024
Final Answer :
E
Explanation :
Vizio operates as a virtual company, meaning it outsources the manufacturing of its products to various partners, rather than owning or directly controlling the factories. This allows Vizio to focus on design, marketing, and customer service, while leveraging the manufacturing expertise of its partners.
Learning Objectives
- Investigate diverse approaches within supply chain management, like drop shipping, joint ventures, and vertical integration.