Outsourcing is purchasing from outside vendors parts and other goods instead of producing your own and contracting for services instead of providing them yourself.

Question

Quizplus · Accepted Answer

Outsourcing refers to the act of outsourcing certain business functions or processes to third-party vendors, instead of handling them in-house. This includes purchasing parts and goods from outside vendors and contracting for services such as IT support or customer service. Therefore, the statement is true.

Outsourcing Is Purchasing from Outside Vendors Parts and Other Goods