Chapter 2: Modern Business Environment

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Across
  1. 5. A term describing the integration of economies, cultures, and societies through global networks
  2. 6. The process of outsourcing business functions to third-party providers, often in other countries
Down
  1. 1. The process of converting inputs into outputs
  2. 2. The idea that a company can gain a competitive advantage by producing goods or services more efficiently than its competitors
  3. 3. A form of international trade that relies on electronic platforms and digital technologies
  4. 4. A measure of the efficiency of production, calculated by dividing output by input
  5. 5. A strategy in which a company produces goods or services in multiple countries to take advantage of differences in cost and quality