Global X Electronics is a consumer electronics company that has an extended global supply chain including suppliers from Asia, manufacturing facilities across America, Europe and Asia and stores all across the five continents. For its mobile phones, Global X Electronics usually buy its batteries from external suppliers. Recently demand in market for lithium$-$ion battery has increased substantially and therefore suppliers have increased the price offerings on their batteries. In this situation Global X Electronics should consider:

Choose only one option

$1$ point

Ensuring its supply of batteries even if they have to pay premium prices for it

Forming a partnership with one or multiple battery suppliers

Focus on designing and developing their own batteries

None of the above