Outsourcing Firms in Low-Wage Countries Can Often Do Work for ____

question 106

Multiple Choice

Outsourcing firms in low-wage countries can often do work for ____ less than companies based in the United States.

• A) 50 to 60 percent
• B) 20 to 30 percent
• C) 40 to 45 percent
• D) 15 to 25 percent

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Definitions:

Mass Customization

A manufacturing technique that combines the flexibility and personalization of custom-made products with the low unit costs associated with mass production.

Cloud-Based Applications

Software programs that are hosted on remote servers and accessed over the internet, allowing for flexibility, scalability, and remote accessibility.

Performance Metrics

Quantitative and qualitative measures used to assess, compare, and track performance or productivity, often utilized within business or project management contexts.

Just-In-Time Manufacturing

A production strategy that strives to improve business efficiency by reducing in-process inventory and associated carrying costs, delivering materials just as they are needed.