Question

Whirlpond, a manufacturer of home appliances, has historically produced the components for their products. however, whirlpond now contracts with other firms to produce these components. this strategy of __________ is a current trend among u.s. manufacturers. competitive benchmarking core positioning outsourcing foreign competency previous next

Answer 1

The answer to the blank space is (C) outsourcing.

Outsourcing is defined as a practice of letting other entities provide goods or services that a company needs to execute its operations. Whirpool does this by letting other firms produce the components they need to build their products. Whirpool might chooses to do this because the cost of buying these components from other firms are cheaper than manufacturing them on its own.