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Select a manufacturing company to examine. Imagine that the CEO of the company has established you as a member of a committee to determining whether
Select a manufacturing company to examine. Imagine that the CEO of the company has established you as a member of a committee to determining whether to make or buy key component parts of the company's final products. You have three options:
- The component parts can be made in-house or produced internally.
- The component parts can be purchased from another domestic manufacturer.
- The component parts can be purchased from an offshore supplier.
Required:
Write a report for the CEO in which you explain the primary assumptions and considerations used in making your decision.
- Explain the advantages and disadvantages associated with approaches A, B, and C.
- Identify the relevant financial information associated with approaches A, B, and C.
- Identify the relevant non-financial information associated with approaches A, B, and C.
- Finally, provide the CEO with a recommendation on which approach will be best to pursue by the company.
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