_____ refers to buying the raw materials, components, or services from companies outside the home country.
A)Insourcing
B)Global sourcing
C)Open sourcing
D)Farmshoring
E)Offshoring

Question

Quizplus · Accepted Answer

Global sourcing refers to the practice of sourcing from the global market for goods and services across geopolitical boundaries, aiming to exploit global efficiencies in the delivery of a product or service. This includes buying raw materials, components, or services from companies located outside the home country to take advantage of lower costs, better quality, or other favorable conditions.

_____ Refers to Buying the Raw Materials, Components, or Services