_____ Refers to Hiring Services and Products That Were Once

question 4

Multiple Choice

_____ refers to hiring services and products that were once produced by the organization's employees.

• A) Insourcing
• B) Nearshoring
• C) Outsourcing
• D) Asset stripping
• E) Cross docking

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Definitions:

Revenues

The total amount of income generated by the sale of goods or services related to the company's primary operations.

Expenses

Costs incurred in the process of earning revenue; typically classified as fixed, variable, or periodic expenditures.

Breakeven Point

The point at which total cost and total revenue are equal, resulting in no net loss or gain for a business or project.

Variable Costs

Costs that change in proportion to the level of production or activity within a business, such as materials and labor costs.