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What Is the Primary Difference Between Outsourcing Agreements and Procurement

Question 23

Multiple Choice

What is the primary difference between outsourcing agreements and procurement agreements?


A) Outsourcing agreements provide for the purchase of finished goods while procurement agreements provide for the purchase of raw materials.
B) Outsourcing agreements are generally broader in scope than procurement agreements.
C) Procurement agreements must be approved by the government of the country where the procurements are to be made,but outsourcing agreements do not require approval.
D) Procurement agreements seek to obtain tangible goods while outsourcing agreements are limited to services.

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