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Tamil Nadu Board of Secondary EducationHSC Commerce Class 11

Define outsourcing. - Commerce

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Question

Define outsourcing.

Short Note

Solution

Outsourcing is a business practice used by companies to reduce costs or improve efficiency by shifting tasks, operations, jobs, or processes to an external contracted third party for a significant period of time.

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Outsourcing
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Chapter 16: Emerging Service Business in India - Exercises [Page 167]

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Samacheer Kalvi Commerce [English] Class 11 TN Board
Chapter 16 Emerging Service Business in India
Exercises | Q II. 4. | Page 167
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