Buying of goods or services from suppliers or vendors of some other country instead of local supplier is classified as

Answer: Option A

Buying of goods or services from suppliers or vendors of some other country instead of local supplier is classified as outsourcing. Outsourcing is the business practice of hiring a party outside a company to perform services and create goods that traditionally were performed in-house by the company's own employees and staff. Outsourcing is a practice usually undertaken by companies as a cost-cutting measure.