The term commonly used to describe the process by which a firm attempts to locate and purchase goods and services on a world-wide basis in known as:

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Quizplus · Accepted Answer

Global sourcing refers to the process of a company searching and buying goods and services from across the world. It involves identifying suppliers, negotiating agreements, and managing logistics to ensure the delivery of goods and services. Foreign penetrating is not a commonly used term in sourcing, importing is a more general term that specifically refers to bringing goods into one's own country, and tracing is not related to purchasing goods and services.

The Term Commonly Used to Describe the Process by Which