A process whereby companies find out how others do something better than they do and then try to imitate or improve on it refers to outsourcing.

Name: A process whereby companies find out how others do something better than they do and then try to imitate or improve on it refers to outsourcing.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The process described in the statement is actually benchmarking, not outsourcing. Outsourcing refers to handing over specific tasks or services to a third-party provider.

A Process Whereby Companies Find Out How Others Do Something