Producing the same goods or providing the same services within an organization is called ________.
A)outsourcing
B)insourcing
C)incremental cost
D)full cost of product
E)business function costs

Question

Quizplus · Accepted Answer

Insourcing refers to producing the same goods or providing the same services within an organization. Outsourcing, on the other hand, involves contracting with an outside provider to perform certain business functions. Incremental cost refers to the cost of producing one additional unit of a product or service, while full cost of product includes all expenses involved in bringing a product to market. Business function costs are the costs associated with performing various business functions, such as marketing, accounting, and human resources.

Producing the Same Goods or Providing the Same Services Within