_____ is the procurement of products or services from an external vendor,supplier,or manufacturer.
A)Outsourcing
B)Insourcing
C)Contracting
D)Offshoring
E)None of the Above

Question

Quizplus · Accepted Answer

Outsourcing is the process of obtaining goods or services from an external supplier, vendor, or manufacturer. This practice is commonly used by businesses to reduce costs and improve efficiency by delegating non-core activities to specialized providers. Insourcing refers to the in-house provision of these goods and services, while contracting refers to the formal agreement between a buyer and a seller for the purchase of goods or services. Offshoring refers specifically to the relocation of business processes to a different country for cost or labor advantages.

_____ Is the Procurement of Products or Services from an External