__________is the process of having suppliers provide goods and services that were previously provided internally.
A) Insourcing
B) Outsourcing
C) Backward integration
D) Forward integration

Question

Quizplus · Accepted Answer

Outsourcing is the process of having external suppliers provide goods and services that were previously produced or provided internally. Insourcing, on the other hand, involves bringing in-house activities that were previously outsourced. Backward integration refers to a form of vertical integration in which a company acquires a supplier, while forward integration involves the acquisition of a distributor or retailer.

__________Is the Process of Having Suppliers Provide Goods and Services