Outsourcing

question 60

Multiple Choice

Outsourcing:

• A)eliminates the need for a value chain.
• B)reduces the firm's dependence on its value chain.
• C)reorders the steps in a firm's value chain.
• D)moves some value chain activities outside the firm.
• E)strengthens the firm's capabilities in each value chain function.

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Definitions:

Unique Information

Data or insights that are not commonly known or that provide a distinct advantage or perspective.

Cross-functional

Describes a process or team that involves various departments or specialties working together towards a common goal.

Cross-functional

Involves collaboration among team members with different expertise and from various departments within an organization to achieve common goals.

Virtual Teams

Groups of people who work together across time, physical space, and organizational boundaries via electronic communication technologies.