Question

1-3. If you had to decide whether to continue making a component part or to begin buying the part from an overseas supplier, what quantitative and qualitative factors would influence your decision?

Answer 1

The list or reasons are listed below

Step-by-step explanation:

Quantitative factors

1. Exchange currency price and local price.
2. Delivery time (local vs overseas)
3. Legal requirements for the overseas buy.

Qualitative factors

1. Local quality vs overseas quality.
2. analysis of possible competitive advantages of buying overseas.
3. reputation of the overseas supplier.