________ Is the Process of Hiring Another Organization to Perform

question 22

Multiple Choice

________ is the process of hiring another organization to perform a service.

• A) Insourcing
• B) Outsourcing
• C) Crowdsourcing
• D) Open-sourcing

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Definitions:

Historical Demand

Past data on customer purchases used for analyzing trends to forecast future demand.

Multiplicative Form

A mathematical approach where variables are multiplied to estimate outcomes in models or equations.

Systematic Component

In statistical analysis, the part of variation that can be attributed to identifiable factors, typically following a predictable pattern.

Seasonal Factor

Variations in business or trading activities that occur at the same time every year.