_____ is an organization’s acquisition of goods and services from an outside source.

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11-08-2022
Social Studies

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_____ is an organization’s acquisition of goods and services from an outside source.

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pannurekha166 pannurekha166 · Answer 1 · 2022-08-17T12:07:45+02:00

Offshoring is when a company buys products and services from a foreign supplier.

Offshoring is the process of moving a commercial operation, such as manufacturing, or a supporting operation, such as accountancy, from one nation to another. Offshoring is typically associated with a corporation, though state governments may also use it. Technical and administrative services have been offshored more recently. Outsourcing and offshoring are not mutually exclusive: either one can exist alone. They can be combined (offshore outsourcing), reversed separately or simultaneously, and partially or entirely, using words like reshoring, onshoring, and insourcing. Offshoring is when the offshored work is done by means of an internal (captive) delivery model., sometimes referred to as in-house offshore. Imported services from subsidiaries

Learn more about Offshoring here.

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