Academic Standard, Inc (ASI)
Academic Standard, Inc (ASI), sells its products through the Internet. Amanda is one of the biggest buyers of the company's products for her business. Nearly all of the interactions between Amanda's company and ASI have been electronic, saving both time and energy.
Although transaction costs are reasonable, ASI has encountered financial problems with high production costs. Jonathan, a veteran employee of ASI, suggested to senior management that certain aspects of production may need to be handled by other, more efficient companies. Jonathan also suggested that the company might want to create a physical store to possibly increase its visibility and potential profits. He explained many disadvantages of operating solely through the Internet.
Refer to Academic Standard, Inc Jonathan suggested that the company ____ part of production.
A) import
B) export
C) outsource
D) supply-chain
E) barter
Question 2 - A list specifying qualifications necessary for a particular position is called a job
A) description.
B) specification.
C) analysis.
D) orientation.
E) inventory.
Question 3 - Vieorien, a Swedish company, has allowed Loineker, an American company, the rights to produce Vieorien's products and use the Vieorien trademark. However, Vieorien does not have the authority or the rights to dictate the business operations of Loineker. In this scenario, Loineker is the _____.
A) lessor
B) lessee
C) licensee
D) licensor
Question 4 - The United States joined with Mexico and Canada to promote the movement of resources and products; it formed a(n)
A) WTO.
B) economic community.
C) cartel.
D) multinational.
E) orderly marketing agreement.
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