Ucon Inc., a manufacturing company, handles all the supply chain functions on its own. This has resulted in an inefficient use of resources and delays in production. To resolve these issues, the management decides to hire external agencies to perform some operations. In this scenario, Ucon Inc. is most likely to adopt the strategy of _____.
A) homeshoring
B) outsourcing
C) vertical integration
D) cannibalization

Question

Quizplus · Accepted Answer

Outsourcing involves hiring external agencies to perform certain operations or services that were previously handled internally, which aligns with Ucon Inc.'s decision to resolve inefficiencies and delays.

Ucon Inc, a Manufacturing Company, Handles All the Supply Chain Functions