Insourcing is:
A)purchasing goods and services internally
B)purchasing goods and services from outside vendors
C)more expensive than outsourcing
D)less expensive than outsourcing

Question

Quizplus · Accepted Answer

Insourcing refers to the company's decision to purchase goods and services internally. This means that the company will produce the products or services themselves instead of outsourcing them to external vendors. Insourcing could potentially be more cost-efficient than outsourcing, as the company has more control over the production process and can eliminate overhead costs associated with working with external vendors.

Insourcing Is