In the Past, Outsourcing Was Often Used Tactically, as a Quick-Fix

question 74

True/False

In the past, outsourcing was often used tactically, as a quick-fix, short-term solution to a particular need or problem which did not form part of an overall business strategy.

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Definitions:

Elasticity

A measure of a variable's sensitivity to a change in another variable, used in economics to describe how the quantity demanded of a good responds to changes in price or income.

Corporate Strategy

A strategy that sets long-term direction for the total enterprise.

Business Strategy

A strategy that identifies how a division or strategic business unit will compete in its product or service domain.

SBU

Acronym for Strategic Business Unit, a separately managed division or unit of a company that has its own mission, objectives, and competitors.