Multiple Choice
Which of the following is a difference between outsourcing and importing?
A) Outsourcing is when a firm buys foreign products that have already been produced, and importing is when a firm authorizes foreign firms to produce its products for sale in a particular geographic region.
B) Importing is when a firm licenses its product to a foreign firm for production, and outsourcing is when a firm buys foreign property for the purpose of producing the product.
C) Importing is when a firm buys foreign products that have already been produced, and outsourcing is when a firm contracts with foreign vendors to produce products.
D) Outsourcing is when a firm licenses its product to a foreign firm for production, and importing is when a firm buys foreign property for the express purpose of producing the product.
Correct Answer:
Verified
Correct Answer:
Verified
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