Delegating certain noncore functions to outside vendors is a strategy known as ________.

Question

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Delegating certain noncore functions to outside vendors is known as outsourcing. Franchising is a strategy for expanding a business by licensing its trademark and operating system, Licensing is a legal agreement in which the licensor allows the licensee to use their property for a fee or royalty, and Diversifying is a strategy for expanding a business by entering new markets or offering new products and services.

Delegating Certain Noncore Functions to Outside Vendors Is a Strategy