Buying Goods or Services Instead of Producing or Providing Them

question 72

Multiple Choice

Buying goods or services instead of producing or providing them in-house is called

• A)downsizing.
• B)outsourcing.
• C)internationalization.
• D)vertical integration.
• E)entrepreneurship.

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Definitions:

Asian American

A person of Asian descent residing in America, including people from East Asia, Southeast Asia, and the Indian subcontinent.

European American

An individual in the United States who identifies as having origins from any of the original peoples of Europe.

Induction Procedure

A medical or experimental procedure performed to initiate a certain condition or response, such as labor in childbirth or an experimental condition in research.

Altered State

A mental state or consciousness different from the normal waking condition, which can be achieved through various methods such as meditation, drug use, or hypnosis.