Post Utme Redeemers University 2022 Commerce Question 13

Practice objective / multiple choice question 13 from the 2022 Post Utme Redeemers University Commerce examination.

Post Utme Redeemers University 2022 Commerce Objective / Multiple Choice
Question 13 POST_UTME_REDEEMERS_UNIVERSITY • 2022 • COMMERCE • objective

A company is considering a production strategy that involves outsourcing a critical component of its product to a third-party supplier. However, the company is concerned about the potential risks associated with outsourcing, including the possibility of quality control issues and supply chain disruptions. Which of the following is the most appropriate production strategy for the company to adopt?

Answer Options

Correct Answer A. Invest in a robust quality control system to monitor the supplier's performance and ensure compliance with company standards.
B. Negotiate a long-term contract with the supplier to ensure a stable supply of the critical component.
C. Implement a dual-sourcing strategy to reduce dependence on a single supplier.
D. Abandon the outsourcing plan and produce the critical component in-house.
Correct Answer
A
Correct Option:
Invest in a robust quality control system to monitor the supplier's performance and ensure compliance with company standards.

About This Question

This is Post Utme Redeemers University 2022 Commerce Question 13. It is one of the objective questions from the 2022 Post Utme Redeemers University Commerce examination.

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