QQuestionBusiness Management
QuestionBusiness Management
has/have helped firms to concentrate on their core business.
Select one:
a. Outsourcing
b. Scheduling
c. ERP
d. Lean production
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Answer
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Step 1:: Identify the correct answer based on the given prompt.
The correct answer is (a) Outsourcing. This is because outsourcing allows firms to concentrate on their core business by having other entities handle non-core activities.
Step 2:: Explain the reasoning behind the answer.
Outsourcing is the practice of obtaining goods or services from an outside source, often an external company or supplier. By outsourcing non-core activities, firms can focus on their primary objectives and core competencies. This leads to improved efficiency, reduced costs, and increased profitability. The other options, scheduling, ERP (Enterprise Resource Planning), and lean production, do not directly contribute to firms concentrating on their core business in the same manner as outsourcing.
Final Answer
The correct answer is (a) Outsourcing.
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