Relocating Some or All of a Business's Activities or Processes

question 2

Multiple Choice

Relocating some or all of a business's activities or processes to a foreign location is:

• A) offshoring.
• B) outsourcing.
• C) supply chain management.
• D) subcontracting.
• E) all of the above.

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Definitions:

Sales Forecasting Techniques

Methods used to estimate the future sales of a product or service over a specific period, based on historical data, market analysis, and other factors.

Heuristic Prognostications

Forecasting or predictions made based on educated guesses or experiential rules rather than formal methods.

Trade Association Experts

Individuals with extensive knowledge and expertise in a specific industry, often connected to trade associations that represent the interests of companies in that sector.

Direct Forecast

predicts future trends or behaviors directly from past and present data without the use of intervening variables.