Outsourcing is the:
A) selling of a value-creating activity to other firms in an industry.
B) selling of a value-creating activity to other firms,whether or not they are in your industry.
C) purchase of a value-creating activity from an external supplier.
D) use of computers to obtain data from the Internet.

Question

Quizplus · Accepted Answer

Outsourcing is the purchase of a value-creating activity from an external supplier. It involves contracting a third-party vendor to provide services that might otherwise be performed in-house or handled by another company. The goal of outsourcing is to reduce costs, improve efficiency and quality, and free up resources to focus on core business activities. It can involve both domestic and international operations and can cover a wide range of functions, from manufacturing and logistics to customer service and IT support.

Outsourcing Is The