A characteristic of outsourcing is
a. completely unrelated to vertical integration
b. likely to be profitable exactly when vertical integration is unprofitable
c. it prevents a firm from focusing on its core competencies
d. it prevents the exploitation of differing degrees of economies of scale at different points in the supply chain
b
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Are the concepts of equity and efficiency different? Why or why not?
What will be an ideal response?
Suppose the price of beans rises from $1.00 a pound to $2.00 a pound, quantity demanded falls from 10 units to 6 units. In this example, the demand for beans is said to be
A) relatively elastic. B) relatively inelastic. C) perfectly elastic. D) perfectly inelastic.
A decrease in the price of a currency in terms of another under a flexible exchange rate regime is called:
a. capital flight. b. depreciation. c. revaluation. d. devaluation. e. currency adjustment.
Which of the following has aided the process of globalization?
a. An increase in transportation costs in recent decades b. Innovations in computing and telecommunications in recent decades c. Increases in tariffs and quotas in recent decades d. The lack of access to digital information in recent decades