The term outsourcing is defined as:
A) hierarchical management.
B) organizational consultation.
C) a costing concept.
D) contracting out.
E) reducing the number of suppliers.

Question

Quizplus · Accepted Answer

Outsourcing refers to the practice of hiring a party outside a company to perform services or create goods that were traditionally performed in-house by the company's own employees and staff. This is commonly done to cut costs, access specialized skills, or improve efficiency.

The Term Outsourcing Is Defined As