_____ Involves Contracting with an Outside Vendor to Provide a Product

question 73

Multiple Choice

_____ involves contracting with an outside vendor to provide a product or service to a firm, as opposed to producing the product using employees within the firm.

• A)Offshoring
• B)Importing human capital
• C)Outsourcing
• D)Transferring human capital
• E)Exporting

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Definitions:

Advertising

The occupation or act of generating advertising content for business products or services.

Price Discrimination

A selling strategy where a provider charges different prices for the same product or service to different customers, not based on the cost of production.

Arbitraging

The process of buying and selling assets across different markets or in different forms to exploit price differences for profit.

Vertical Integrate

A strategy where a company expands its business operations into different steps on the same production path, such as when a manufacturer owns its supplier and/or distributor.