Opportunity costs should be factored into outsourcing decisions.

Name: Opportunity costs should be factored into outsourcing decisions.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Opportunity cost is the cost of giving up the next best alternative when making a decision. When deciding whether to outsource, the opportunity cost of not using internal resources for the task should be considered along with the cost savings of outsourcing. Therefore, opportunity costs should be factored into outsourcing decisions.

Opportunity Costs Should Be Factored into Outsourcing Decisions