A Firm That Buys from Another Company a Good or Service

question 92

Multiple Choice

A firm that buys from another company a good or service that is part of the firm's value-added activities is practicing ________.

• A) outsourcing
• B) vertical integration
• C) horizontal integration
• D) lean production

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Definitions:

Gender Pay Gap

The average difference in pay between men and women, often reflecting disparities in employment opportunities, job level, or discrimination.

Glass Escalator

A phenomenon where men in traditionally female-dominated professions, like nursing or teaching, rise faster to higher positions than their female counterparts.

Role Conflict

The tension, stress, or discomfort arising from competing demands or expectations associated with multiple social roles.

Two-person Career

A concept where partners mutually support each other's careers, recognizing that both individuals' professional lives are intertwined and impactful on the family unit.