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Figure 5-4
-Refer to Figure 5-4.The section of the demand curve at point B represents the
Offshoring
The practice of relocating a company's business process, such as manufacturing or services, to another country, often to reduce costs.
Insource
The practice of assigning tasks or projects to individuals or departments within a company rather than to external entities.
IT Applications
Software applications that are designed to help individuals or businesses execute specific tasks or functions using information technology.
IT Investment
Financial resources allocated towards the acquisition, upgrade, and maintenance of information technology infrastructure and software.
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