Moving a Company's Business Processes to a Foreign Country Is

question 118

Multiple Choice

Moving a company's business processes to a foreign country is referred to as

• A)outsourcing.
• B)offsourcing.
• C)offshoring.
• D)outshoring.

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Definitions:

Price Continuum

The range of prices across different products or services in a market, from the lowest to the highest, reflecting the variety of value propositions and customer segments.

Bell Curve

A graphical depiction of a normal probability distribution, characterized by its bell-shaped curve, indicating a range and frequency of values.

Direct Retailing

The process of selling products directly to the consumer, bypassing any intermediary channels such as wholesalers or physical retailers.

Turnover Rates

The rate at which employees leave a company and are replaced, influencing a business's operational efficiency and culture.