What Is an Arrangement by Which One Organization Provides a Service

question 45

Multiple Choice

What is an arrangement by which one organization provides a service or services for another organization that chooses not to perform them in-house?

• A)in-sourcing
• B)outsourcing
• C)business process outsourcing
• D)offshore outsourcing

Understand the concept of demographic characteristics and their impact on marketing strategies.

Recognize and evaluate the impact of regulatory forces on industry practices and strategies.

Identify the process and importance of environmental scanning in adapting to market changes.

Differentiate between various environmental forces (social, economic, technological, competitive, and regulatory) affecting marketing strategies.