________ Refers to Sourcing from the Firm's Own Production Facilities

question 10

Multiple Choice

________ refers to sourcing from the firm's own production facilities.

• A) Captive sourcing
• B) Crowdsourcing
• C) Business process outsourcing
• D) Externalization

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Definitions:

Normal Rate

Refers to the standard or usual level at which a particular process occurs or is set, often used in financial contexts such as interest rates.

Return

The gain or loss on an investment over a specified period, expressed as a percentage of the investment’s cost.

Increasing-Cost Industry

An industry in which production costs increase as output expands, often due to factors like resource depletion or increased demand for inputs.

Entry

The act of a new competitor joining a market, which can influence market dynamics, prices, and competitive strategies.