Outsourcing is the:
A. spinning off of a value-creating activity to create a new firm.
B. selling of a value-creating activity to other firms.
C. purchase of a value-creating activity from an external supplier.
D. use of computers to obtain value-creating data from the Internet.
Answer: C
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As discussed in the text, the functions of the B/AR/CR process:
a. is identical to those of the order entry/sales process b. supports the problem-solving processes of marketing managers c. collects amounts due from customers d. is unrelated to the functions of the order entry/sales process
Pure bundling occurs when a firm offers goods both individually and in bundles
Indicate whether the statement is true or false
The need to maintain a good relationship with the other party after the negotiation is over, primarily by maintaining trust and reducing uncertainty is an example of a(n) ________ factor in the negotiation process.
Fill in the blank(s) with the appropriate word(s).
Whalen Mining, a U.S company, purchases products from a British company for £1,000,000. Between the dates of purchase and payment, the exchange value of the pound decreased from $2.00 to $1.90. Compute Whalen Mining's exchange gain or loss. Where would the gain or loss be reported?