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Buying goods or services instead of producing or providing them in-house is called:

(A) downsizing.
(B) outsourcing.
(C) internationalization.
(D) vertical integration.
(E) entrepreneurship.

Respuesta :

kimxiumin821
the Correct answer is B

Buying goods or services instead of producing or providing them in-house is called Outsourcing.

Outsourcing is when a firm chooses to buy goods and services instead of producing these products. Outsourcing is a cost saving and time saving measure. A firm might not be efficient in the production of certain goods and services. This would motivate a firm to outsource the products needed so as to be able to focus on the production of goods and services for which they are efficient.

Advantages of outsourcing

  1. A firm is able to focus on the production of goods for which it is efficient in.
  2. It saves cost.
  3. It saves time.

Disadvantages of outsourcing

  1. The firm loses control over the production of goods for which it outsources.
  2. The firm that production is outsourced to might be unstable in terms of quality of output and the amount of outputs produced.

To learn more, please check: https://brainly.com/question/14202035?referrer=searchResults

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