Complete the Following Using These Terms

question 71

Multiple Choice

Complete the following using these terms.
-A company that contracts with another business to perform functions previously handled by internal staff is participating in _____.

• A)outsourcing
• B)Diversity
• C)entrepreneur
• D)Competitive differentiation
• E)strategic alliance
• F)Capital
• G)vision
• H)factors of production
• I)brand
• J)Relationship management
• K)Not-for-profit organizations
• L)Business ethics

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Definitions:

Transportation Cost

The expenses associated with moving goods or services from one location to another.

Shipper

An individual or company that arranges the transportation of goods from one place to another.

Milk Run

A delivery method where a single truck collects cargoes from several suppliers or delivers goods to multiple customers, optimizing transportation costs and efficiency.

Single Supplier

A procurement strategy where all goods or services are sourced from one exclusive supplier, potentially simplifying operations but increasing risk.