Purchasing a product or service from an outside contractor that had been previously provided internally is called A. outsourcing B. transaction costing. C. vertical integration D. horizontal integration E. geographic integration

Question

Business

Malcolm Fernandez

22 June, 16:15

Purchasing a product or service from an outside contractor that had been previously provided internally is called A. outsourcing B. transaction costing. C. vertical integration D. horizontal integration E. geographic integration

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Answers (2)

Know the Answer?

Xavier Cline · Answer 1

A. outsourcing

Explanation:

Outsourcing is a business practice in which a company or business organization hires a third party that is not part its member of staff to carry out job functions on its behalf, instead of using its own employees. This practice has become a common trend over time in human resources as one of the effective ways of cutting costs in running a business.

Sadie Graves · Answer 2

Answer: A outsourcing

Explanation:

Outsourcing is the business practice of employing an outsider to a company to execute a project such as provision of goods and services which is initially being produced by the same company.