While Companies Now Outsource Many Services,the Initial Reason Companies Started

question 53

Multiple Choice

While companies now outsource many services,the initial reason companies started outsourcing the manufacturing of components in the 1970s was to minimize

• A)Transportation costs..
• B)Production costs
• C)Inspection costs.
• D)Managerial costs.
• E)Accounting costs.

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Definitions:

Intermediaries

Entities that act as middlemen in the distribution process between producers and consumers, such as wholesalers and retailers.

Producer

An individual or organization that creates goods or services for sale to consumers or other businesses.

Marketing Channel

A set of practices or activities necessary to transfer the ownership of goods, and to move goods from the point of production to the point of consumption.

Farmer's Market

A public marketplace where local farmers and artisans sell their produce, goods, and crafts directly to consumers.