Purchasing a product or service from an outside contractor that had been previously provided internally is called
A) vertical integration.
B) horizontal integration.
C) transaction costing.
D) outsourcing.
E) geographic integration.

Question

Quizplus · Accepted Answer

This process is known as outsourcing, which refers to the practice of contracting out certain business functions or operations to an external contractor or third-party provider rather than handling them in-house.

Purchasing a Product or Service from an Outside Contractor That