What Is the Number One Factor for Successful Outsourcing

question 63

Multiple Choice

What is the number one factor for successful outsourcing?

• A) Reducing and controlling operating costs
• B) Understanding the company's goals and objectives
• C) Commitment to quality
• D) Sharing the risks

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Definitions:

Indirect Bankruptcy Costs

The difficulties of running a business that is experiencing financial distress.

Bankruptcy Filing

A legal process through which individuals or businesses unable to meet their debts can seek relief from some or all of their obligations.

Financially Distressed

A condition in which a company or individual cannot generate revenue or income, which results in challenges in paying its financial obligations.

Direct Cost

Expenses that can be directly tied to the production or sale of a specific product or service.