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Examveda

Production of goods or services that can be bought from outside suppliers is classified as

A. idle sourcing

B. sunk sourcing

C. outsourcing

D. in-sourcing

Answer: Option D

Solution(By Examveda Team)

Production of goods or services that can be bought from outside suppliers is classified as in-sourcing. Insourcing is a business practice in which work that would otherwise have been contracted out is performed in house. Insourcing often involves bringing in specialists to fill temporary needs or training existing personnel to perform tasks that would otherwise have been outsourced.

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