Questions: 1. What do organizations set up in order to coordinate flow of raw ma

Question

Questions: 1. What do organizations set up in order to coordinate flow of raw materials components, semi-finished goods, and finish products around the world? a) Value chain d) Knowledge chairn c) People chain b) Supply chain e) Agency chain 2. Our university cafeteria cooks its own food, which means we do not use b) Merchandising e) Joint venture c) Outsourcing ) Franchising Insourcing What do we call the process by which people recognize opportunities to satisfy eds and then gather and use resources to meet those needs? nvestment c) Management b) Entrepreneurship e) Leadership oordination hich of the following related to stakeholder group and the inducement they oking for is not correct? reholders-Dividends kforce-Wages munity- Taxes b) Managers-Salaries d) General public-Brand

Explanation / Answer

1. Answer = Supply chain, Supply chain manages the inflow of material and outflow of goods.2

2. Answer = Outsourcing, Outsourcing is a process in which you involve an external vendor.

3. Answer = Entrepreneurship, this is the general meaning of term entrepreneurship. An entrepreneur first recognizes needs in the market and then develops a solution to meet the needs of the market by gathering all possible resources and using them

4 Answer = General public - brand - Inducement for the general public is National pride

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