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How do older adults typically spend time with their friends?
Make-Or-Buy Decision
A strategic choice businesses make between internally manufacturing a product or purchasing it from an external supplier.
Outsourcing
The practice of hiring third-party vendors to perform tasks, handle operations or provide services that are either difficult to manage or outside the expertise of the main business.
Vertical Integration
describes a strategy where a company expands its operations into different stages of production within its industry, often to control the supply chain or reduce dependency on suppliers.
E-Procurement
The electronic procurement process that utilizes online systems and technology to streamline purchasing, reduce costs, and enhance vendor management.
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