Asked by Austin Deaver on Apr 26, 2024
Verified
Outsourcing involves:
A) moving company facilities away from the home office.
B) conducting business on a global scale.
C) obtaining materials, parts, products, and services from other companies .
D) building a factory in another country.
Outsourcing
The business practice of hiring a party outside a company to perform services or create goods that were traditionally performed in-house by the company's own employees and staff.
Obtaining Materials
The process of sourcing and procuring the raw materials needed for production or manufacturing.
- Define and differentiate between outsourcing and other supply chain concepts.
Verified Answer
MJ
Mohamad JarrarMay 03, 2024
Final Answer :
C
Explanation :
Outsourcing refers to obtaining materials, parts, products, and services from other companies rather than producing them internally. Options A and D imply physical relocation of company facilities, which is not a requirement for outsourcing. Option B may be a potential consequence of outsourcing but is not the definition of it.
Learning Objectives
- Define and differentiate between outsourcing and other supply chain concepts.