Which of the following allows firms to focus on core activities and reduce cost by moving aspects of the business to areas where costs are low?
A) Outsourcing
B) Adapting
C) Licensing
D) Exporting
E) Importing

Question

Quizplus · Accepted Answer

Outsourcing involves assigning a business process to an external company or individual, often in another country, to reduce costs and enable firms to focus on core activities. This allows firms to take advantage of lower labor and operating costs in other countries while maintaining the quality of their products or services. Adapting, licensing, exporting, and importing do not specifically involve moving aspects of the business to areas where costs are low.

Which of the Following Allows Firms to Focus on Core