Which of the Following Is the Best Definition of Outsourcing

question 191

Multiple Choice

Which of the following is the best definition of outsourcing?

• A) Any activity that adds value to some input by transforming it into an output for an internal or external customer
• B) An approach by which firms move away from department-oriented organization and toward process-oriented team structures that cut across old departmental boundaries
• C) The strategy of paying suppliers and distributors to perform certain business processes or to provide needed materials and resources
• D) The strategy of using the internet and word-of-mouth marketing to spread product information
• E) The strategy of owning the means by which an organization produces goods or services

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Definitions:

Medical Report

A documented record of a patient's medical history, condition, and treatment over a particular period of time.

Health Advantages

The benefits or improvements to health and well-being that result from specific actions, conditions, or interventions.

Grapefruit Market

Represents the market dynamics and economics of selling and buying grapefruits.

Producer Surplus

The difference between the actual amount received by sellers for a good or service and the minimum amount for which they would be willing to sell it.