Examlex

Solved

What Are Some Hidden Costs of Outsourcing? Why Is It

question 21

Essay

What are some hidden costs of outsourcing? Why is it important to consider these costs?


Definitions:

Break-even Price

The price level at which the revenues for a product or service equal the costs, resulting in neither profit nor loss.

Markdown

A reduction from the original or previous retail price of a product.

Rate

A measure, quantity, or frequency, typically one measured against another quantity or measure.

Marked Up

Refers to the percentage increase in the price of a good or service over its original cost to achieve a profit.

Related Questions