A retailer has an outside party to undertake one or more of its operating functions in ________.
A) outsourcing
B) benchmarking
C) re-engineering
D) scenario analysis

Question

Quizplus · Accepted Answer

Outsourcing refers to the process of delegating one or more of a company's functions to an outside party. In this case, the retailer has an outside party to undertake one or more of its operating functions. Benchmarking is the process of comparing a company's performance to that of its competitors or industry standards. Re-engineering involves the fundamental rethinking and radical redesign of business processes. Scenario analysis is a strategic planning method that involves creating and evaluating different hypothetical future scenarios.

A Retailer Has an Outside Party to Undertake One or More