A company decides to ____________ a good or service it formerly made internally so that it can reduce its costs and provide higher-value items to its consumers.

Question

A company decides to ____________ a good or service it formerly made internally so that it can reduce its costs and provide higher-value items to its consumers.​

Quizplus · Accepted Answer

Outsourcing refers to the practice of contracting out a business function or service to an external provider. By outsourcing, a company can benefit from cost savings, access to specialized expertise, and the ability to focus on core competencies. Therefore, A) Outsource is the best choice for the given scenario.

A Company Decides to ____________ a Good or Service It