Question
Co-operative orientation is usually the result of which sourcing strategy? 1 single sourcing 2. dual sourcing 3. multiple sourcing 4. making the components in house single sourcing dual sourcing multiple sourcing making the components in house
Answer
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Liam
Professional · Tutor for 6 years
Answer
Given this, we can infer that co-operative orientation is a result of the **single sourcing** strategy. The close relationship necessary for co-operative orientation is more likely to develop when a business only has one supplier, leading to a deeper sense of mutual responsibility and thereby increasingly coordinated actions between the business and its supplier. (this is an example question and provided with logical reasoning as it doesn't require calculations.)
Explanation
## Step1: The question asks us to first understand what 'co-operative orientation' is. Co-operative orientation in businesses usually involves a close working partnership between the supplier and the business. The shared goal of both parties is the mutual growth of both businesses.## Step2:We look in to the four sourcing strategies provided, which are: 1. Single sourcing, which refers to a business strategy where the company buys its goods from one source only.2. Dual sourcing, which refers to the business practice where a company relies on two suppliers for its goods.3. Multiple sourcing, is a business practice where you source products from multiple suppliers in order to competitively dictate buying conditions.4. Making the components in-house, this is a practice where a business decides to manufacture certain components of their products in-house, rather than buying them from a supplier. A co-operative orientation is typically found in situations where the supplier and the sourcing business have a close relationship.