The Carp Corporation has decided to quit making its own components and instead buy them from a company in Thailand. This is an example of

Question

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This scenario represents outsourcing, which is the practice of a company hiring another company to perform a task that would normally be done in-house. In this case, Carp Corporation is choosing to purchase components from a company in Thailand rather than continuing to manufacture them themselves.

The Carp Corporation Has Decided to Quit Making Its Own