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Sonbull [250]
3 years ago
15

Which of the following is contracting of noncore operations or jobs from internal production within a business to an external en

tity that specializes in that operation? a. Outsourcing b. Offshoring c. Offshore outsourcing d. Licensing e. Crowdsourcing
Business
1 answer:
AURORKA [14]3 years ago
8 0

Answer:

Option A

Explanation:

The correct answer is Option A

Outsourcing is the process of hiring the party from outside to perform certain services and goods which is not being produced by the in house company.

Outsourcing activity includes supply chain management, resource management, customer support, finance, marketing, etc.

So, Contracting noncore operations job is to an external entity is known as Outsourcing.

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Answer: Access to specific skills

Explanation: The benefit of outsourcing that the company is getting in the given example is that the company could get access to experts in the particular jobs that are important for a project.

By outsourcing certain jobs, expert knowledge can be used to operate business with the additional benefit of hundred percent focus.

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The quantity supplied will increase which explains the shape of the supply curve

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A worker in Thailand can earn $12 per day making cotton cloth on a hand loom. A worker in the United States can earn $82 per day
Grace [21]

Answer:

The capitalization rate per worker in the US is much greater than in Thailand.

Explanation:

What makes the possiblity for the US citizen to earn more for the same job is their capitalization rate. The US has a much greater capital per worker than Thailand thus, the productivity of labor is much higher.

The workers are paid based on the production rather than personal effort this means, the Thai worker may be more strong and skillfull than US worker as it does it at hand but that, is a problem for the worker as with proper equipment it will make more cloth and therefore more goods are produced more value and a higher wage hourly rate is achieved.

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