Scenario - The Campbell Corporation The Campbell Corporation is a multinational business, which currently operates in five foreign markets. It manufactures stuffed toys for children around the world and is very pleased with the quality of its products. At present, this company has about 900 employees split equally between the five markets it serves. Fifty percent of its employees are host country nationals and this balance seems to work effectively for contributing to the success of the Campbell Corporation. The Campbell Corporation has faced many difficulties in gaining knowledge about human resource management in foreign marketplaces. Even though the challenges have been considerable, they have not weakened the desire of this company to succeed. The Campbell Company hopes to soon enter its sixth foreign market, Switzerland. Past experiences have taught the owners of this company that it must gain knowledge of the foreign country's culture prior to entering its marketplace if it hopes to be successful. If the Campbell Corporation wanted to subcontract one of its production processes to a third party currently in Switzerland, this action would most likely be referred to as which one of the following?

Question

Scenario - The Campbell Corporation The Campbell Corporation is a multinational business, which currently operates in five foreign markets.  It manufactures stuffed toys for children around the world and is very pleased with the quality of its products.  At present, this company has about 900 employees split equally between the five markets it serves.  Fifty percent of its employees are host country nationals and this balance seems to work effectively for contributing to the success of the Campbell Corporation.  The Campbell Corporation has faced many difficulties in gaining knowledge about human resource management in foreign marketplaces.  Even though the challenges have been considerable, they have not weakened the desire of this company to succeed.  The Campbell Company hopes to soon enter its sixth foreign market, Switzerland.  Past experiences have taught the owners of this company that it must gain knowledge of the foreign country's culture prior to entering its marketplace if it hopes to be successful. If the Campbell Corporation wanted to subcontract one of its production processes to a third party currently in Switzerland, this action would most likely be referred to as which one of the following?

Quizplus · Accepted Answer

Outsourcing refers to the practice of contracting out a business process or a task to another party, typically to reduce costs or improve efficiency. In this scenario, if the Campbell Corporation decided to subcontract one of its production processes to a third party currently in Switzerland, it would be considered outsourcing. This would involve the Campbell Corporation contracting with a third party to perform a specific production process, rather than performing that process in-house.

Scenario - the Campbell Corporation the Campbell Corporation Is a Multinational