The set of processes and steps a firm uses to acquire the various resources it needs to create it products is called ________.

Question

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Procuring refers to the process of acquiring resources such as raw materials, labor, and equipment that a firm needs to create its products. Outsourcing involves contracting with external suppliers to provide goods or services that were previously produced in-house. Diversifying refers to expanding a firm's product or service offerings by entering new markets or industries. Onboarding is the process of integrating new employees into an organization.

The Set of Processes and Steps a Firm Uses to Acquire