Question: 1. In developing a sourcing strategy, firms must decide whether to make or buy a resource. List three reasons for buying and three reasons for

1. In developing a sourcing strategy, firms must decide whether to make or buy a resource. List three reasons for buying and three reasons for making.

2. Distinguish among insourcing, outsourcing and offshoring. List three of the potential risks firms may encounter when they offshore.

3. List and explain three reasons why companies source globally.

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