Hiring an external vendor to do work rather than doing it internally is called __________.

Question

Quizplus · Accepted Answer

Outsourcing is the process of hiring an external vendor or a third party to perform a task or a service that is usually done internally. Insourcing, on the other hand, is the opposite of outsourcing, where a company decides to perform a service or a task on its own instead of hiring an external vendor. Outscoring and encoring are not commonly used terms in the context of business operations.

Hiring an External Vendor to Do Work Rather Than Doing