Choosing Suppliers And Outsourcing Flashcards
1
Q
How to choose the right suppliers
A
- cost and quality of materials
- dependability
- ethical considerations
2
Q
What is corporate social responsibility
A
Refers to the extent to which a business takes into account its stakeholder views and accepts its obligations to society over legal requirements
3
Q
What is outsourcing
A
Occurs when a business uses another business to complete part of its work
4
Q
Benefits to using outsourcing
A
- use of specialist skills from another business
- increases capacity of business
5
Q
Drawbacks to using outsourcing
A
- quality could be poor
- potential to behave unethically
- increases costs
