_____ 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:

Market Price

The ongoing rate at which assets or services are bought or sold.

Merged Firm

A company formed by combining two or more companies into one entity, often to strengthen business operations.

Incremental Value

The additional value generated by undertaking a new project or investment, measured by the difference in cash flows or profits with and without the investment.

Market Value

The total worth of an asset or company based on the current price at which it can be sold in the market.