Outsourcing Is Not a New Concept; It Is Simply an Extension

question 63

True/False

Outsourcing is not a new concept; it is simply an extension of the long-standing practice of subcontracting production activities.

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Definitions:

Joint Production Process

A manufacturing process in which two or more products are produced simultaneously using the same resources or inputs.

Split-off Point

The stage in a process manufacturing where different products become recognizably separate and can be processed independently.

Raw Material Input

Raw material input refers to the basic materials and components used in the production process of goods.

Split-off Point

The stage in a production process where joint products can be recognized as distinct and separate entities.