The process in which a TNC contracts with other companies overseas to provide it goods and services is called

Question

Quizplus · Accepted Answer

Outsourcing refers to the process where a company hires external companies or individuals to perform specific tasks or functions that could be done in-house. In this case, the TNC contracts with other companies overseas to provide goods and services. Insourcing refers to the practice of performing a task internally rather than outsourcing it to a third party. Offshoring, on the other hand, involves the relocation of a company's business process to another country for cost-saving reasons, while scaling refers to the process of increasing a company's size or output. Therefore, outsourcing is the best choice in this case.

The Process in Which a TNC Contracts with Other Companies