________ Is the Process of a Firm Having Inputs Supplied

question 26

Multiple Choice

________ is the process of a firm having inputs supplied to it for the production process.

• A)Sourcing
• B)Subcontracting
• C)External production
• D)Offshoring

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Definitions:

Car Manufacturers

Companies engaged in the design, production, marketing, and selling of motor vehicles.

Tangible Attributes

The physical and measurable characteristics of a product, such as size, color, weight, and texture.

Intangible Attributes

Attributes of a product or service that are intangible and unquantifiable, including elements like brand prestige or the level of customer service.

Durable Goods

Durable goods are items with a long life expectancy, such as appliances, cars, or furniture, that are used over time rather than being quickly consumed or disposed of.