_____ Involves Contracting with Another Company, Usually in a Low-Cost

question 8

Multiple Choice

_____ involves contracting with another company, usually in a low-cost country abroad, to have it perform a work activity the organization previously performed itself, such as manufacturing, marketing, or customer service.

• A)Empowering
• B)Outsourcing
• C)Stratifying
• D)Controlling
• E)Innovating

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Definitions:

Condiments

Substances such as salt, pepper, mustard, and mayonnaise that are added to food to enhance flavor.

Mark-up

Extra pricing over the cost of goods aiming to take care of overheads and profit.

Mark-up

The sum added onto the purchase price of products to cover both overhead expenses and profit, establishing the retail price.

Markdown

A reduction in the regular selling price of a product or service.