When a company hires regular service from external sources which was previously provided internally is known as _____.
Answer
The correct answer is B: Outsourcing. Outsourcing refers to the practice where a company contracts out services or functions to external providers that were previously handled in-house.
A.Cross-Subsidization
B.Outsourcing✓ Correct
C.Subsidization
D.Globalisation
Explanation
Outsourcing refers to the practice where a company contracts out services or functions to external providers that were previously handled in-house.
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