What term describes an organization’s acquisition of goods and services from an outsidesource in another country?a. Globalizationb. Offshoringc. Exportingd. Global sourcing
Question
What term describes an organization’s acquisition of goods and services from an outsidesource in another country?a. Globalizationb. Offshoringc. Exportingd. Global sourcing
Solution
The term that describes an organization’s acquisition of goods and services from an outside source in another country is d. Global sourcing. This involves a company purchasing goods or services across geopolitical boundaries. It's often a strategic move to take advantage of benefits like lower costs, specialized expertise, better availability, and more.
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