What Does Outsourcing Allow Firms to Do

question 73

Multiple Choice

What does outsourcing allow firms to do?

• A)shed functions the firm doesn't perform well in order to focus on its strengths
• B)gain more control over the firm's supply chain
• C)practise vertical integration
• D)set up shop in any country in the world

Understand and apply the concepts of margin of safety and operating leverage in financial decision making.

Evaluate the impact of changes in cost structure and sales on a company's financial performance.

Understand and apply the concept of margin of safety and its importance in business.

Compute and analyze contribution margin and contribution margin ratio for single and multiple product companies.

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Definitions:

Feedback

Information given to someone about their performance, which can be used for confirmation or improvement.

Coaching

A developmental process where an experienced person, the coach, supports a learner or client in achieving a specific personal or professional goal.

Improvement

The process of making something better or more effective through changes or adjustments.

Coaching Technique

A method of guiding an individual or group towards achieving specific goals or improving performance through feedback, instruction, and encouragement.