Which statement best describes outsourcing?
A) It refers to contracting with another organization to perform a broad set of services.
B) It refers to finding cheap resources in another country to gain a competitive advantage.
C) It refers to using a temporary or contract employee to fill a single job vacancy.
D) It refers to buying the necessary raw materials needed to conduct business from external suppliers.
E) It refers to moving operations away from the home location to decrease cost savings.

Question

Quizplus · Accepted Answer

Outsourcing refers to contracting with another organization to perform a broad set of services. This can include various services such as IT services, customer service, manufacturing, or accounting, among others. It is usually done to reduce costs, improve efficiency, or access specialized expertise.

Which Statement Best Describes Outsourcing