Purchasing a product or service from an outside contractor is called
A) vertical integration.
B) horizontal integration.
C) transaction costing.
D) outsourcing.
E) the hokey pokey.

Question

Quizplus · Accepted Answer

Outsourcing refers to the practice of hiring external contractors or companies to handle certain business activities or services instead of performing them in-house.

Purchasing a Product or Service from an Outside Contractor Is