Question: answer the followingRead the scenario below and answer ALL questions in this section.Imagine a medium-sized manufacturing company, Widgets Inc., that specialises in producing electronicgadgets. One

answer the followingRead the scenario below and answer ALL questions in this section.Imagine a medium-sized manufacturing company, Widgets Inc., that specialises in producing electronicgadgets. One of their most popular products, a smartphone, requires a specialised microchip componentfor its operation. Widgets Inc. has been producing this microchip internally for several years, but recentlythey have encountered a series of challenges. Due to rapid technological advancements, the microchipdesign needs frequent updates to remain competitive in the market. Additionally, maintaining theequipment and expertise necessary for microchip production has become increasingly costly.QUESTION 1(20 Marks)Make-or-buy decisions also occur at the operational level. Critically discuss five (5) factors that mayinfluence Widgets Inc. to buy the specialised microchip component externally rather than producing itinternally.QUESTION 2(20 Marks)Considering the scenario of Widgets Inc., a medium-sized manufacturing company specialising inelectronic gadgets, discuss approaches to job design that could address the challenges faced inproducing specialised microchips internally.

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