_____ is the process of having suppliers provide goods and services that were previously provided internally.
A) Outsourcing
B) Horizontal integration
C) Reshoring
D) Vertical integration

Question

Quizplus · Accepted Answer

Outsourcing is the process of having external suppliers provide goods and services that were previously provided internally. Horizontal integration is a strategy where a company acquires or merges with a competitor at the same level of the supply chain. Reshoring is the opposite of outsourcing, where a company brings previously outsourced operations back in-house. Vertical integration is a strategy where a company expands its business by owning or controlling suppliers or customers in the supply chain.

_____ Is the Process of Having Suppliers Provide Goods and Services