Sourcing Strategy Includes Two Basic Choices

question 59

Multiple Choice

Sourcing strategy includes two basic choices. One of these is intra-firm sourcing and the other is __________________.

• A) importing
• B) outsourcing
• C) in-sourcing
• D) matrix manipulation
• E) horizontal integration

---

Definitions:

Invisible Hand

A term coined by economist Adam Smith to describe the self-regulating nature of the marketplace where individuals' pursuit of self-interest leads to societal benefits.

Capital Owners

Individuals or entities that own assets with economic value expected to benefit future operations, such as machinery, buildings, or equipment.

Government Failure

A situation where government interventions in the economy cause more harm than good, often due to inefficiencies, misallocation of resources, or unintended consequences.

Water Pollution

Contamination of water bodies such as rivers, lakes, oceans, and groundwater due to harmful substances, leading to detrimental effects on aquatic life and human health.