Efforts to improve the efficiency and effectiveness of a firm's international operations are often referred to as:
A)offshoring.
B)outsourcing.
C)supply chain management.
D)subcontracting.
E)joint-venture.

Question

Quizplus · Accepted Answer

The term used to describe efforts to improve efficiency and effectiveness of a firm's international operations is supply chain management. This includes activities such as coordinating with suppliers, managing inventory levels, and optimizing transportation logistics. Offshoring, outsourcing, subcontracting, and joint venture are all potential strategies that could be employed as part of a firm's supply chain management efforts, but they do not fully encompass the overall concept.

Efforts to Improve the Efficiency and Effectiveness of a Firm's