The Process of Reclaiming Recyclable and Reusable Materials, Returns, and Reworks

question 291

Multiple Choice

The process of reclaiming recyclable and reusable materials, returns, and reworks from the point of consumption or use for repair, remanufacturing, redistribution, or disposal is referred to as

• A) salvage marketing.
• B) materials transformation.
• C) reverse materials handling.
• D) reverse logistics.
• E) cause-related marketing.

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Definitions:

Downsizing

The process of reducing the size of a company's workforce to cut costs, which can involve layoffs, selling parts of the business, or outsourcing.

Outsourcing

The practice of hiring third parties to perform services or create goods that were previously done in-house, often to cut costs or improve efficiency.

Core Business

The primary area of a company's operation or the main source of its profitability, representing its fundamental mission or the key focus of its commercial activity.

Noncore Business

Parts of a company's operations that are not essential to its main line of business or primary revenue source.