Relocating Some or All of a Business' Activities or Processes

question 42

Multiple Choice

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

• A)offshoring.
• B)outsourcing.
• C)supply chain management.
• D)subcontracting.
• E)joint-venture.

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Definitions:

Vertical Merger

Merger that combines firms operating at different levels in the production and marketing process.

Joint Venture

A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task, project, or other business activity.

Conglomerate Company

A Conglomerate Company is a large corporation composed of several companies with diverse or unrelated business interests.

Horizontal Merger

The combination of two or more firms operating in the same industry and at the same stage of production.