________ occurs when firms obtain outside vendors to provide goods or services that might otherwise be supplied in-house.

Name: ________ occurs when firms obtain outside vendors to provide goods or services that might otherwise be supplied in-house.
Brand: Quizplus
Rating: 4.7 (46 reviews)

Question

Quizplus · Accepted Answer

Outsourcing is the practice of obtaining goods or services from outside vendors instead of providing them in-house. It is a common business practice to cut costs, improve efficiency, and gain access to specialized skills or technology.

________ Occurs When Firms Obtain Outside Vendors to Provide Goods