Outsourcing Is a Way to Add Value to the Business

question 13

True/False

Outsourcing is a way to add value to the business that converts an external value creating activity into an internal supplier.

---

Definitions:

External Benefit

A positive effect or advantage experienced by someone who is not directly involved in producing or consuming a good or service.

Elderly Woman

A female individual of advanced age, often considered to be in the later stages of her lifespan.

Flower Garden

A designed space used specifically for the cultivation and display of flowers and other ornamental plants.

Market Power

The ability of a firm or group of firms to influence the price of goods or services in the market, often by controlling supply, market share, or technology innovations.