The process for bringing large volumes of extracellular material into the cell by forming vesicles at the cell surface is known as

The answer to this question would be endocytosis.

Endocytosis a process to bring outside material into cell. The word "endo" itself mean "inside". This material could be source of energy or microbes that need to be killed. It's opposite would be exocytosis. The word "exo" itself mean "outside".
Both of them is pretty similar because they use vesicle to transport the things that need to be moved.

The ball, that was yellow and made or rubber, bounced down the road (: