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)joint-venture.

Question

Quizplus · Accepted Answer

Outsourcing involves hiring external firms to perform noncore activities and decision making in a company's value chain. Offshoring refers to moving those activities to a foreign location. Supply chain management refers to managing the flow of goods and services from suppliers to customers. Subcontracting refers to hiring another company to fulfill part of a contract. Joint-venture is a business arrangement in which two or more parties agree to pool resources and share risks and rewards of a new enterprise.

Hiring Others to Perform Some of the Noncore Activities and Decision