Speedo Auto, an automobile manufacturer, plans to reduce manufacturing costs by shifting its manufacturing operations to low-cost locations. This strategy adopted by Speedo Auto is referred to as _____.
Fill in the blank(s) with the appropriate word(s).
Answer: offshoring
Business
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Feedback controls involve the gathering of information about a completed activity, thus it is not a perfect indicator for future performance
a. true b. false
Business
Which of the following is true for businesses with above average customer value?
A) They need to spend more to acquire customers. B) The cost of purchase equals performance benefits. C) They produce higher levels of pre-tax return on investment. D) The cost of purchase exceeds performance benefits. E) They have great difficulty in retaining customers.
Business