Networked Enterprises and Globalization Have Enabled a New Business Model

question 27

Multiple Choice

Networked enterprises and globalization have enabled a new business model called "business-without-boundaries." Which of the following statements describes this business model?

• A)Companies no longer have all of their employees in one location
• B)It is called offshoring and companies contract with firms in other countries to do such business processes as human resources, payroll, and accounting
• C)Companies are under a great deal of scrutiny to manage costs and generate revenue so they contract with foreign firms to do various business processes at a lower cost to the company
• D)all of the above statements describe this model

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Definitions:

Straight Rebuy

A routine purchase of the same goods or services without modification, typically done by businesses in established relationships with suppliers.

Purchasing Agent

An individual within an organization responsible for buying goods and services needed by the company to carry out its operations effectively.

B2B Markets

Marketplaces where transactions are conducted between businesses rather than between businesses and consumers.

Straight Rebuy

Describes a routine repurchase of the same goods or services without modification, often made by businesses from previous suppliers.