________ is the buying goods and services from outside domestic or foreign vendors.

Question

Quizplus · Accepted Answer

Outsourcing is the process of buying goods and services from outside domestic or foreign vendors, usually to reduce costs or improve efficiency. Merging refers to the combining of two or more companies into a single entity. Benchmarking is the process of comparing one's business practices and performance metrics against industry standards or best practices. Globalizing refers to expanding business operations globally. Accelerating can refer to increasing the speed of business processes or company growth.

________ Is the Buying Goods and Services from Outside Domestic