Final answer:
The procurement process that occurs when a firm cannot perform all necessary tasks is called outsourcing. Hence, the correct answer is option B.
Step-by-step explanation:
The procurement process that usually occurs when a firm determines that it cannot perform all the tasks that are necessary to operate its business successfully is called outsourcing.
Outsourcing is the practice of hiring outside contractors, sometimes abroad, to perform tasks a company once performed internally. This allows the company to focus on its core competencies and allocate resources more efficiently.
Examples of outsourcing include hiring an external IT company to manage a company's computer systems or partnering with a logistics company to handle product delivery.