Outsourcing Strategies Can Offer Such Advantages as

question 107

Multiple Choice

Outsourcing strategies can offer such advantages as

• A)increasing a company's ability to strongly differentiate its product and be successful with either a broad differentiation strategy or a focused differentiation strategy.
• B)obtaining higher quality and/or cheaper components or services, improving a company's ability to innovate, and reducing its risk exposure.
• C)speeding a company's entry into foreign markets.
• D)permitting greater use of strategic alliances and collaborative partnerships.
• E)giving a firm more direct control over the costs of value chain activities.

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Definitions:

Temporarily Cause Unemployment

Situations or policies that lead to a short-term increase in unemployment, as workers transition between jobs or industries adjust to new conditions.

Sectoral Shifts

Changes in the economic landscape that cause resources (like labor) to move from one industry or sector to another, often due to technological changes or globalization.

Frictional Unemployment

Short-term unemployment that occurs when transitioning between jobs or entering the workforce.

Unemployment Insurance

Unemployment insurance is a government program that provides temporary financial assistance to workers who have lost their jobs through no fault of their own.