Final answer:
Outsourcing describes the process of an organization acquiring goods and services from an external source in another country, often utilized as a cost-saving strategy within international trade.
Step-by-step explanation:
The term that describes an organization's acquisition of goods and services from an outside source in another country is known as outsourcing. This practice can encompass a variety of functions ranging from manufacturing to services such as accounting, payroll, and data processing. Through international trade and the globalization movement, firms in developed countries have increasingly turned to outsourcing as a way to reduce costs, by taking advantage of cheaper labor markets in other countries. An example of this can be seen in how companies entered into trade agreements like NAFTA, which encouraged them to build plants in countries like Mexico, where they could produce goods more cheaply while still serving markets such as the United States.