Hiring others to perform some of the noncore activities and decision making in a company's value chain, rather than having the company and its employees continue to perform these tasks, is:
A) offshoring.
B) outsourcing.
C) supply chain management.
D) subcontracting.
E) all of the above.

Question

Quizplus · Accepted Answer

Outsourcing refers to hiring external entities to perform noncore activities and decision making in a company's value chain. Offshoring refers specifically to outsourcing to a foreign country. Supply chain management involves optimizing the flow of goods and services from raw materials to end consumers. Subcontracting refers to hiring another company to perform specific tasks within a project. Therefore, option B is the most appropriate answer.

Hiring Others to Perform Some of the Noncore Activities and Decision