Which of the Following Is Considered a Benefit of Outsourcing

question 78

Multiple Choice

Which of the following is considered a benefit of outsourcing activities?

• A)​Leverages activities of multiple clients for greater economies of scale.
• B)​Shares activities with relatively generic attributes across industries.
• C) ​Allows a firm to focus on its core activities.
• D) ​All of the above.

Grasp the concepts behind retail location strategy and its impact on retail success.

Recognize the potential of digital and non-traditional retailing methods.

Learn about the environmental and ethical considerations in retail.

Understand the franchise model and the operation of service departments in retail.

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Definitions:

Marketing Mix

Encompasses the four key elements of marketing strategy: product, price, place, and promotion used to meet marketing objectives.

Production-oriented Era

A historical period in marketing where the focus was on production capabilities and efficiencies rather than on a deep understanding of consumer needs or desires.

Sales-oriented Era

A business approach focusing on the promotion and selling of products, often irrespective of consumer demand, prevalent in the mid-20th century.

Market-oriented Era

A period in business where the focus shifts towards understanding and fulfilling the preferences and needs of consumers in the market.