Question: Having a backup supplier just in case your main supplier has a production or delivery problem is an example of: Having a backup supplier just

Having a backup supplier just in case your main supplier has a production or delivery problem is an example of:
Having a backup supplier just in case your main supplier has a production or delivery problem is an example of:
Risk Avoidance
Risk Acceptance
Risk Transfer
Risk Mitigation

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

Amaury, a citizen of France with no trade or business activities in the United States, sells at a gain 200 shares of Gage, Inc., a U.S. company. The sale takes place through Amaury's broker in Paris....

Q:

can anyone explain this case to me or summarize ? below: Evaluating the Risks and Challenges of Sole and Singie Sourcing Singie seaming occurs when a supply management organization purposely chooses...

Q:

Read the article "Evaluating the Risks and Challenges of Sole and Single Sourcing" and answer the questions below. 1. What is "single sourcing? 2. What are three motivating factors for single...

Q:

1. What are the advantages of single sourcing? 2. What are the disadvantages of single sourcing? 3. Do you support a company single sourcing suppliers? Single sourcing occurs when a supply management...

Q:

19 1 point Having a backup supplier just in case your main supplier has a production or delivery problem is an example of: Risk Transfer Risk Avoidance Risk Mitigation Risk Acceptance

Q:

Question 1 is unpinned. Click to pin. Question at position 1 What type of testing is usually done just before the official release of a new application or application version? What type of testing is...

Q:

Business Event Analysis: Complete the following table based on the specified NBD event. Receive Shipment (From Supplier) Trigger(s) (also indicate type) Collected Data (originates as input for event)...

Q:

Toyota Motor Manufacturing, U.S.A., Inc. On the Friday before the running of the 118th Kentucky Derby, Doug Friesen, manager of assembly for Toyotas Georgetown, Kentucky, Plant, was approaching the...

Q:

what have been the main features of the strategies adopted by manufacturing and supply service during 1990s?what operation based competitive advantages were developed under the influence of these...

Q:

There are more than nine items, but we will limit our focus to the first nine items, which is where the most important information appears. The first nine items are described below. Item 1 - Business...

Q:

wote CASE 5 Concept Design Services Case date 2002 Stuart Chambers and Nigel Slack Introduction 'Over a 10-year period we have totally transformed our outlook, our resources and our prospects. From...

Q:

When a city borrows cash short-term in anticipation of the receipt of property tax revenues, which account would it credit? a.property taxes receivable b.property tax revenues c.estimated other...

Q:

In 2012, Aiden Patel was driving home, full of excitement. He had known from an early age that he would never have been happy working for someone else. He hoped that through a business venture, he...

Q:

New Clrame wrelable Exam Helo Seve 4 fol Submit 2 4 Not - for - profit enthies are required to present information about the nature and function of expenses and this information can be reported in...

Q:

Make a statement of cashflows in good form. X X M Inbox 2,50 x M Logistics : * Course: ST: X|MyDrive- x B Group 2 Pex Course ID: Cth Moodle X C Get HomeX C Photos Screx Interview X + ....