_____ Occurs When a Function Is Taken Out of One's

question 5

Multiple Choice

_____ occurs when a function is taken out of one's country of residence to be performed in another country, generally at a lower cost.

• A)Open sourcing
• B)Offshoring
• C)Exporting
• D)Importing
• E)Licensing

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Definitions:

Employee Development

The ongoing effort to improve an organization's workforce through training and education, enhancing skills, knowledge, and abilities.

Level Schedules

A production strategy that aims to maintain a consistent output rate and workforce level, regardless of demand fluctuations.

End Customer Needs

The requirements and preferences of the final consumer that products or services are designed to meet or exceed.

JIT Environment

Just-In-Time environment, a production strategy that strives to improve a business's return on investment by reducing in-process inventory and associated carrying costs.