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:

Japan

An island country located in East Asia, known for its rich culture, technological advancements, and as the world's third-largest economy.

Normative Social Influence

The persuasive power of individuals in our circle influencing us to transform in ways that ensure their acceptance and affection.

Public Conformity

The act of changing one's behavior or beliefs to align with those of others in a group, often due to perceived social pressure, even if privately disagreeing with the group norms.

Secret Ballot

A voting method in which voters' choices are anonymous, safeguarding the confidentiality of the vote to prevent coercion and manipulation.