What does it mean to outsource in a business context?

Chapter 3 Entrepreneurship

Quiz
•
Business
•
12th Grade
•
Easy
Alison Duncan
Used 2+ times
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To hire more employees within the company.
To contract with other companies for services.
To sell products internationally.
To form a new department within the company.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a strategic alliance?
A merger between two companies.
A partnership formed with another company.
A hostile takeover of a competitor.
A new marketing strategy.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following best describes innovation?
Copying successful business models.
Finding new ways of doing things.
Reducing production costs.
Increasing the number of employees.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are demographics used for in business?
To determine employee salaries.
To identify consumer markets.
To calculate annual profits.
To set product prices.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary purpose of trade magazines?
To entertain the general public.
To publish celebrity news.
To provide information for specific types of businesses or industries.
To offer travel advice.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What distinguishes specialty magazines from other periodicals?
They are published daily.
They target people with special interests.
They are only available online.
They focus on political news.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main function of trade shows?
To sell tickets for entertainment events.
To allow vendors and manufacturers to introduce new items and promote established products and services.
To provide free samples to consumers.
To conduct market research surveys.
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