When It Would Cost the Firm Less to Pursue an Activity

question 30

Multiple Choice

When it would cost the firm less to pursue an activity in-house than obtaining that activity from a supplier in the external market,then the firm should:

• A) Enter into a joint venture.
• B) Execute a short-term contract.
• C) Vertically integrate.
• D) Strategically outsource.

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Definitions:

Antiquity

A term referring to the ancient past, specifically the period before the Middle Ages, encompassing ancient Greek and Roman civilizations.

Calling Of Saint Matthew

A famous painting by Caravaggio depicting the moment Jesus Christ calls Matthew to follow him.

Caravaggio

An influential Italian painter of the late 16th and early 17th centuries, known for his dramatic use of light and shadow and realistic depictions of religious subjects.

Hand Gesture

A movement or position of the hands, arms, or fingers used to express an idea, opinion, or emotion.