________ are high level, often strategic decisions regarding which products or services will be provided internally and which will be provided by external supply chain members

Fill in the blank with the appropriate word.

Answer: Sourcing decisions

Business

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In a period of rising costs, the first-in, first-out (FIFO) method results in higher cost of goods sold and lower gross profit than the last-in, first-out (LIFO) method

Indicate whether the statement is true or false

Business

After developing a mission statement for his company, Tyler knows ________ and ______________, representing specific targets the firm wishes to meet will be addressed.

A. Touchpoints; concepts B. Push; pull strategies C. Advantage; disadvantages D. Goals; objectives E. Distinctive corollaries; formalized value concepts

Business