Elision Inc

question 109

Multiple Choice

Elision Inc., an American software development company, outsourced its support operations to Luzenza, an Asian nation, because it found that Luzenza has a large cohort of English-speaking college graduates who are ready to work for one-fourth the pay of comparable American workers. Which of the following is most likely to have influenced Elision Inc.'s decision to outsource its support operations to Luzenza?

• A) Inflow of innovation
• B) Growth of domestic industries
• C) Reduced risk
• D) Access to factors of production

Understand the impact of competition on market segmentation and targeting.

Learn how to position a product or service in the market effectively.

Appreciate the significance of customer responsiveness to marketing efforts.

Comprehend the role of differentiated targeting strategy and its benefits.

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Definitions:

Decision Making

The cognitive process of selecting a course of action among multiple alternatives.

Third Party

An entity involved in a transaction aside from the two principal parties, often providing an additional service or role.

Co-Payment Insurance

An insurance policy feature that requires the insured individual to pay a fixed amount out of pocket for covered services.

Medicare Reform

Changes and updates made to Medicare, the U.S. federal health insurance program for people who are 65 or older, with the aim of improving the program's efficiency, sustainability, and coverage.