Operations Management Becomes A(n) ____________ When Companies Outsource Several Processes

question 42

Multiple Choice

Operations management becomes a(n) ____________ when companies outsource several processes and create a network of firms that cooperatively produce products and services.

• A) open operation
• B) closed operation
• C) interfirm process
• D) conjoined process

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Definitions:

Creative Bootstrapping

Innovative and resourceful ways of financing a startup or project with minimal external assistance, relying heavily on internal resources and clever strategies.

Equity Preservation

Strategies and practices aimed at maintaining or increasing the value of shareholders' equity in a company.

Optimal Way

The most efficient or effective method for achieving a specific goal or outcome.

Serious Cash Shortage

A financial situation where an entity lacks sufficient funds to cover its immediate or short-term obligations, leading to potential liquidity issues.