Discuss the below in a 500 words:
Q1: What are the advantages and disadvantages of outsourcing to Low Cost Countries (LCCS)? How can the risks of outsourcing be mitigated?
Q2. Compare and contrast between make-to-stock and make-to-order systems. In your comparison, why does each system require different types of contracts?
Q3. What are the advantages and disadvantages of each type of contract?
Q4. What type of contract would you choose? Give reasons for your decision.