Apple contracts with companies in Taiwan to make inputs such as the chips, batteries, and LCD displays that power its digital devices at lower costs. This strategy is an example of global
A)exporting.
B)franchising.
C)importing.
D)networking.
E)outsourcing.

Question

Quizplus · Accepted Answer

Outsourcing involves contracting out business processes or production to external companies, often in different countries, to reduce costs or access specialized expertise. Apple's strategy of contracting with companies in Taiwan for components is an example of outsourcing.

Apple Contracts with Companies in Taiwan to Make Inputs Such