Delegating Certain Noncore Functions to Outside Vendors Is a Strategy

question 7

Multiple Choice

Delegating certain noncore functions to outside vendors is a strategy known as ________.

• A) franchising
• B) licensing
• C) outsourcing
• D) diversifying

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Definitions:

Pragmatism

A philosophical approach that assesses theories or beliefs in terms of their practical application and effectiveness, emphasizing action and results over abstract principles.

Minimalism

A design or style approach that emphasizes simplicity and the reduction of elements to only those necessary for functionality.

International Code

A set of guidelines or rules that are accepted on a global level for various industries or activities.

Business Ethics

The study and examination of moral and ethical principles that arise in a business environment, guiding the conduct of businesses and individuals.