When a company transfers work of any kind to an outside supplier rather than pay its own employees to do it,it is called:
A) nearshoring.
B) outsourcing.
C) co-sourcing.
D) homesourcing.

Question

Quizplus · Accepted Answer

Outsourcing is the transfer of work to an outside supplier, commonly used to save on labor costs. Nearshoring refers to transferring work to a nearby country, often to reduce costs but maintain cultural and time zone similarities. Co-sourcing is when a company shares work with an external provider, but still manages some of the work in-house. Homesourcing, also known as telecommuting, is when employees work from home rather than in the office. Only outsourcing fits the given definition.

When a Company Transfers Work of Any Kind to an Outside