Asked by Nikki Congdon on May 21, 2024

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Generally, companies hire other company to do some or all of the functions necessary to run their businesses. This is known as:

A) outsourcing.
B) exporting.
C) job developing.
D) hiring.

Outsourcing

The practice of hiring third parties to perform services or create goods that were traditionally done in-house, to reduce costs and improve efficiency.

  • Understand the process and reasons for outsourcing in international business.
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William WeisslingerMay 22, 2024
Final Answer :
A
Explanation :
The act of hiring another company to perform certain business functions is commonly known as outsourcing. It is a common business strategy that allows organizations to focus on their core competencies while saving costs and increasing efficiency in non-core areas. Option B (exporting) refers to the act of sending goods or services to another country, option C (job developing) is not a common term used in business, and option D (hiring) is too general and does not specify the delegation of business functions to another company.