Asked by Neisha Dressler on May 07, 2024
Verified
The process of buying goods or services from an external supplier is called ________.
Outsourcing
The practice of hiring third parties to perform services or produce goods traditionally done in-house, often to cut costs.
- Assess whether to manufacture in-house or purchase externally, considering cost evaluation and pertinent criteria.
Verified Answer
DH
Learning Objectives
- Assess whether to manufacture in-house or purchase externally, considering cost evaluation and pertinent criteria.