Which of the Following Scenarios Illustrates the Concept of Outsourcing

question 11

Multiple Choice

Which of the following scenarios illustrates the concept of outsourcing?

• A)TechOn Inc., a company that buys raw materials from a supplier company
• B)BNX Corp., a company that procures raw materials and supplies them to a different company
• C)Virgo Corp., a company that contracts out a business activity to another company
• D)Red Inc., a company that sells all its assets to another company

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Definitions:

Industrial Revolution

A period of significant technological, socioeconomic, and cultural change that started in the 18th century, marked by the transition from manual production methods to machine-based manufacturing.

Communist Revolution

A social and political movement aiming to overthrow capitalism and establish a society without class divisions, where the means of production are communally owned.

Domestic Labour

Refers to the unpaid work done within the household, such as cleaning, cooking, and childcare, traditionally undertaken by women.

Recognition

The acknowledgment or appreciation of someone's existence, qualities, or achievements.