When a local firm acquires a capability from an external supplier that contributes to the local firm's ability to create value for customers it is
A) outsourcing.
B) losing competitive advantage.
C) insourcing.
D) showing weakness.

Question

Quizplus · Accepted Answer

Outsourcing refers to obtaining goods or services from an external supplier, which can enhance a firm's ability to create value for customers by leveraging external expertise or resources.

When a Local Firm Acquires a Capability from an External