The subcontracting or contracting out of activities to external organizations that had previously been performed by the firm is called:

A) Offshoring

B) Insourcing

C) Outsourcing

D) Homesourcing

C) Outsourcing

Explanation:

Outsourcing -

It is a business strategy first recognized in 1989.

It is the business practice for the process of hiring party outside the company to create goods and provide services which were performed by the company's staff and employees.

Outsourcing is a practice which is performed as a cost - cutting measure.

It can also affect many jobs, from customer to office.