Examlex
Which of the following is predicted to deliver a Third Industrial Revolution characterized by low production and transportation costs?
Public Sector
The public sector comprises government-run organizations, agencies, and companies, providing services like education, healthcare, and infrastructure to the public.
Insourcing
The practice of performing business functions or services within a company using its own staff and resources, as opposed to outsourcing.
Outsourcing
The business practice of hiring third parties to perform services or create goods that were traditionally performed in-house.
Make or Buy
A decision-making process used by companies to determine whether they should produce goods internally or purchase them from an external supplier.
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