GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which is NOT a factor influencing decision whether to spend or to save?
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Income
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Weather forecast
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Personality
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Age
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Explanation:
Detailed explanation-1: -The production cost and quality problems are the major triggers of a make-or-buy decision. Other factors are managerial decisions and a company’s long-term business strategy that dictate the current operations pattern. Historical policy decisions may also compel a company to consider in-sourcing or outsourcing.
Detailed explanation-2: -Temperature, amount and form of airborne moisture, cloudiness, and strength of wind are all different components of our weather.
Detailed explanation-3: -Lack of expertise. Research and specialized know-how of the supplier better than the buyer. Cost considerations (cheaper to buy the item) Insufficient or no manufacturing capacity at the buyer’s end. More items
There is 1 question to complete.