The purchase of labor from a source outside of the company rather than using the company's own staff is called
A) homeshoring.
B) outsourcing.
C) nearshoring.
D) none of the above.

Question

Quizplus · Accepted Answer

The term used for purchasing labor from a source outside of the company rather than using the company's own staff is outsourcing. Homeshoring refers to outsourcing work to individuals working from home, and nearshoring refers to outsourcing work to a nearby country.

The Purchase of Labor from a Source Outside of the Company