Question

_____ is best described as moving one or more internal value chain activities outside the firm's boundaries to other firms in the industry value chain.

Answer 1

The question is incomplete:

_____ is best described as moving one or more internal value chain activities outside the firm's boundaries to other firms in the industry value chain.

a. Strategic outsourcing

b. Reverse engineering

c. Forward integration

d. Horizontal integration

Answer:

a. Strategic outsourcing

Explanation:

-Strategic outsourcing refers to using the services of another company to perform tasks instead of managing them inside the company.

-Reverse engineering refers to evaluating a product in detail to produce it or improve it.

-Forward integration is when a company acquires a part of the supply chain that happens after its production process.

-Horizontal integration is when a company acquires another one that works on the same level of the value chain.

According to this, the answer is that strategic outsourcing is best described as moving one or more internal value chain activities outside the firm's boundaries to other firms in the industry value chain because it is when companies hire another organization that specializes in a particular tasks to perform that activity instead of doing it inside the company.