Outsourcing Strategies

question 91

Multiple Choice

Outsourcing strategies

• A)are nearly always a more attractive strategic option than merger and acquisition strategies.
• B)carry the substantial risk of raising a company's costs.
• C)carry the substantial risk of making a company overly dependent on its suppliers.
• D)increase a company's risk exposure to changing technology and/or changing buyer preferences.
• E)involve farming out value chain activities presently performed in-house to outside specialists and strategic allies.

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Definitions:

Open Sharing

The practice of freely and willingly sharing information, resources, or knowledge with others without restrictions.

Dispute Resolution

The process of resolving a conflict, dispute or claim between parties using various techniques, such as mediation or arbitration.

Mixed-Group Teams

Teams composed of members from diverse backgrounds and disciplines, aimed at enhancing creativity, decision-making, and problem-solving through a variety of perspectives.

Support From Authorities

Refers to the backing or assistance provided by individuals in positions of power or influence, often vital for the initiation or continuation of a project or policy.