Originally, Outsourcing Decisions Were Driven Largely by ________

question 34

Multiple Choice

Originally, outsourcing decisions were driven largely by ________.

• A) economics.
• B) location.
• C) technology.
• D) expertise.
• E) convenience.

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Definitions:

Equilibrium Quantity

The quantity of goods or services that is supplied and demanded at the point where the supply and demand curves intersect.

Diminishing Marginal Utility

The principle that says additional units of a good or service provide less added satisfaction than previous units.

Risk-Averse

describes an individual or entity that prefers to minimize risk, choosing options that are deemed safer or involve less uncertainty.

Insurance Premiums

Payments made to an insurance company in exchange for coverage against specified risks over a period.