___________ Occurs When a Firm Decides to Utilize Other Firms

question 56

Multiple Choice

___________ occurs when a firm decides to utilize other firms to perform value-creating activities that were previously performed in-house.

• A) Offshoring
• B) Strategic alliance
• C) Outsourcing
• D) Wholly owned subsidiary

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Definitions:

Special Interest Groups

Organizations or groups of individuals that advocate for specific political or policy goals.

Import Goods

Products brought into a country from abroad for sale, typically to meet domestic demand for goods that are not produced locally.

Quotas

Limitations set by a government on the amount of a specific good that can be imported or exported during a specified time frame, often used to protect domestic industries.

Reducing Imports

A strategy aimed at decreasing the volume of goods and services a country buys from abroad, often to support domestic production.