The buying of products or services from a third party to manage a firm's functions is known as
A)asset efficiency.
B)diversification of supplies.
C)importing.
D)outsourcing.

Question

Quizplus · Accepted Answer

Outsourcing refers to the process of hiring a third-party to manage certain functions of a company. This allows the company to focus on core business activities and potentially reduce costs.

The Buying of Products or Services from a Third Party