Outsourcing Refers to Contracting Out Selected Functions or Activities to Other

question 10

True/False

Outsourcing refers to contracting out selected functions or activities to other organizations that can do the work more cost-efficiently.

---

Definitions:

Refinishing Table

The process of restoring the surface of a table to its original or new condition through sanding, painting, staining, or applying a protective coating.

Logistical Function

Involves the planning, implementation, and coordination of complex operations such as moving goods from the point of origin to the point of consumption.

Facilitating Function

Functions that assist in the smooth performance of the marketing process, such as financing, storing, and transporting.

Transactional Function

Activities involved in transferring the ownership of goods from seller to buyer, including negotiation, sales, and contract enforcement.