Having one or more of the firm's activities performed by another firm or individual in the supply or distribution chain is called:

Question

Quizplus · Accepted Answer

Outsourcing refers to the practice of having certain job functions done outside a company instead of having an in-house department or employee handle them. This can involve hiring another company or individual to perform tasks, handle operations, or provide services.

Having One or More of the Firm's Activities Performed by Another