A Practice Used by Companies to Assign Their Costly Activities

question 13

Multiple Choice

A practice used by companies to assign their costly activities to outside providers, (for the purpose of cost saving) , rather than completing it internally is called;

• A)Planning
• B)Decentralization
• C)Restructuring
• D)Outsourcing

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Definitions:

Marketing Process

The sequence of actions or strategies that companies use to identify customer needs, create value, and engage customers to promote products or services.

Target Audience

The specific group of consumers most likely to be interested in a company's product or service, identified as part of marketing strategies.

Customers' Needs

The requirements or desires that consumers seek to satisfy when purchasing goods or services.

Internal Publics

Internal Publics are groups within an organization, such as employees or management, that play a role in internal communications and the achievement of the organization's objectives.