Modern firms increasingly rely on other firms to supply goods and services instead of doing these tasks themselves. This increased level of _____________ is leading to increased emphasis on ____________ management.
A)outsourcing; supply chain
B)offshoring; lean
C)downsizing; total quality
D)optimizing; inventory
E)internationalization; intercultural

Question

Quizplus · Accepted Answer

Outsourcing involves hiring external firms to provide goods or services, leading to a greater focus on managing the supply chain effectively to ensure quality, delivery, and cost efficiencies.

Modern Firms Increasingly Rely on Other Firms to Supply Goods