The tailored strategy "Focus on low-cost, decentralized capacity for predictable demand" follows which risk mitigation strategy?

Karl Marx wrote "The Wealth of Nations".

a. true b. false

The entire plant needs a fresh coat of paint so you, as the operations manager, are charged with securing a painting contract to accomplish this. You locate four painting contractors and ask them for their performance on four criteria

Their responses, along with your minimum standards and the importance you place on each criterion, is shown in the table. Assign scores from 1 to 5 where 1 is terrible and 5 is excellent, for each contractor's performance on each criterion and determine who should be awarded the contract. Write a brief explanation for all the 1s and 5s you assign. Contractor Cost 20% Paint Time 25% Experience 20% References 20% Paint Quality 15% 1 $22,000 5 days 15 years Positive 20 year 2 $20,000 4 days 10 years Strongly positive Lifetime 3 $25,000 8 days 3 years Positive 25 year 4 $22,500 5 days 25 years Strongly positive 20 year Minimum Standard Less than $25,000 Less than 1 week 5 years in business No negative references out of three 15 year guarantee What will be an ideal response?