The Buying of Products or Services from a Third Party

question 65

Multiple Choice

The buying of products or services from a third party to manage a firm's functions is known as

• A)asset efficiency.
• B)diversification of supplies.
• C)importing.
• D)outsourcing.

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Definitions:

Reinforcement

A principle in behavioral psychology where a behavior is strengthened or weakened, depending on the consequences of that behavior.

Q-sort Procedure

A method used to study personality traits, attitudes, or beliefs by sorting statements into categories that reflect how applicable they are to oneself or another.

Successful Experience

An event or series of events that result in a positive outcome, contributing to an individual's sense of achievement and competence.