Relying on Outsiders to Perform Certain Value Chain Activities Offers

question 30

Multiple Choice

Relying on outsiders to perform certain value chain activities offers such strategic advantages as

• A) obtaining higher quality and/or cheaper components or services.
• B) improving the company's ability to innovate by allying with "best-in-world" suppliers.
• C) reducing the company's risk exposure to changing technology and/or changing buyer preferences.
• D) increasing the firm's ability to assemble diverse kinds of expertise speedily and efficiently.
• E) All of these.

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Definitions:

Automatic functions

Processes or behaviors that operate without conscious effort, often as a result of learned patterns or biological predispositions.

Estrogen production

The synthesis of estrogen, a key female sex hormone involved in the regulation of reproductive and sexual functions.

Cortisol production

The process of synthesizing cortisol, a steroid hormone released by the adrenal glands in response to stress or low blood-glucose concentration.

Testosterone production

The biological process by which the male sex hormone testosterone is synthesized, primarily in the testes of males and the ovaries of females, as well as a small amount in the adrenal glands.