The buying of products or services from a third party to manage a business's functions is known as:
A)asset efficiency.
B)diversification of supplies.
C)importing.
D)outsourcing.

Question

Quizplus · Accepted Answer

Outsourcing is the practice of contracting out business functions and processes to third-party providers. This helps businesses to focus on core operations and cut costs associated with hiring and training staff, managing infrastructure and technology, and providing employee benefits.

The Buying of Products or Services from a Third Party