Outsourcing Is Used When

question 9

Multiple Choice

Outsourcing is used when:

• A)The project has a project manager who can coordinate vendor efforts
• B)There is a desire to build in-house skills
• C)In-house functional and technical skills exist
• D)The business need is not core to the business
• E)None of these

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Definitions:

Market Equilibrium

A situation where the quantity of a good or service supplied equals the quantity demanded at a specific price level.

Excess Demand

A scenario in which the current price of a product or service leads to a demand that surpasses its available supply.

Excess Supply

Occurs when the quantity of a good or service offered by producers exceeds the quantity demanded by consumers at the current price.

Excess Supply

A situation where the quantity of a good or service offered for sale by producers exceeds the quantity demanded by consumers at the current price.