________ is purchasing goods and services from outside vendors.
A)Insourcing
B)Outsourcing
C)Incremental cost
D)Full cost of product
E)Business function cost

Question

Quizplus · Accepted Answer

Outsourcing is the process of purchasing goods and services from outside vendors. Insourcing, on the other hand,, is the opposite of outsourcing, as it refers to the practice of keeping business functions and activities within the organization rather than outsourcing them. Incremental cost is the cost of producing one additional unit of a product or service. Full cost of the product refers to the total cost of producing a product or service, including both direct and indirect costs. Business function cost refers to the cost incurred by an organization to perform a specific business function, such as marketing or operations.

________ Is Purchasing Goods and Services from Outside Vendors