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Production of goods or services that can be bought from outside suppliers is classified as
Answer & Solution
Correct Answer:
Option
D
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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