_____ Involves Evaluating Suppliers Located Closer to the United States

question 36

Multiple Choice

_____ involves evaluating suppliers located closer to the United States.

• A)Re-shoring
• B)Nearshoring
• C)Outsourcing
• D)Offshoring
• E)Insourcing

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Definitions:

Human Capital

The capabilities, understanding, and expertise that an individual or group holds, considered in relation to their worth or expense to a company or nation.

Physical Capital

Assets used in the production process that are tangible in nature, such as machinery, buildings, and vehicles.

Proprietary Knowledge

Information that is not public and is owned by an individual or company, giving them a competitive advantage.

Public Goods

Goods that are neither excludable nor rival in consumption.