TechPoint,a Technical Writing and Business Documentation Firm,finds It Difficult to Handle

question 69

Multiple Choice

TechPoint,a technical writing and business documentation firm,finds it difficult to handle its training requirements.The company forms a one-year contract with Impact Inc.,a language-training firm,to conduct training and refresher courses for their employees.This is an example of ________.

• A) downsizing
• B) outsourcing
• C) vertical integration
• D) market penetration
• E) diversification

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Definitions:

Trading Possibilities Line

A line that shows the different combinations of two products that an economy is able to obtain (consume) when it specializes in the production of one product and trades (exports) it to obtain the other product.

Cost Ratios

These ratios compare different types of costs to each other or to sales in order to evaluate a company's financial efficiency and profitability.

Constant Costs

Costs that do not change in total with the level of activity or production volume, within a certain range of activity or period of time.

Domestic Real Cost

The actual economic cost of production or acquisition, factoring in domestic purchasing power and excluding the effects of inflation.