Part 1What is transferring a firm's activities that have traditionally been internal to external suppliers?Part 2
A. keiretsu network B. make-or-buy C. outsourcing D. vertical integration

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Part 1What is transferring a​ firm's activities that have traditionally been internal to external​ suppliers?Part 2
A. keiretsu network B. ​make-or-buy C. outsourcing D. vertical integration

BlackTom AI · Accepted Answer

To start, let's restate the task: identifying what it means to transfer a firm's activities traditionally done internally to external suppliers.
Option A: keiretsu network. This is a type of business relationship common in Japan where companies in a network share stakeholdings and collaborate, but it does not by itself describe outsourcing or transferring activities to external suppliers.
Option B: make-or-buy. This term refers to a decision framework about whether to produce internally (make) or purchase from outside (buy) a good or service. While related to sourcing choices, it is the decision process, not the act of transferring activities itself, and it can lead to outsourcing but is not the direct description of the transfer.
Option C: outsourcing. This is the core concept described: moving activities that were previously performed inside the firm to external suppliers. It explicitly conveys contracting out work to third-party providers.
Option D: vertical integration. This is the opposite trend: a firm expands its control by performing more stages of production internally, rather than transferring activities to outsiders. It involves internal expansion rather than external sourcing.
In summary, the statement best matching the idea of shifting internal activities to external suppliers is outsourcing, whereas the other options either describe related concepts (make-or-buy, vertical integration) or broader network structures (keiretsu) that do not capture the transfer of internal activities to external suppliers as precisely.

Homework:Ch 11 Homework

Part 1What is transferring a firm's activities that have traditionally been internal to external suppliers?Part 2 A. keiretsu network B. make-or-buy C. outsourcing D. vertical integration

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