Examlex
Outsourcing is not a new concept; it is simply an extension of the long-standing practice of subcontracting production activities.
Managerial Attitudes
The predispositions or orientations that managers have towards people, tasks, and situations in the workplace.
Ethnocentric
Holding the belief that one's own culture or ethnicity is superior to others, often resulting in judging other cultures from the perspective of one's own.
Local Decision Making
The process of making choices or solving problems at a local level, often allowing individuals or groups closest to the issue or situation to make the decisions.
Polycentric
Polycentric refers to a philosophy or approach in international business, in which policies and practices are tailored specifically to fit the requirements of each country.
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Q76: Vendor-Managed Inventory is a form of outsourcing.
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