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Question
Explain the following term/concept.
Outsourcing
Solution
Outsourcing is a process of contracting business function or specific business activity to specialized agency. The company makes a formal agreement with the agency. The agency sends the required manpower to company and charges it for the services offered. The different forms of outsourcing are BPO, KPO, LPO.
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RELATED QUESTIONS
The process of contracting a business function to someone else is called as ____________.
Write a word or phrase or a term which can substitute the following:
The process of contracting a business function to specialized agencies.
The process of contracting a business function to specialized agencies is known as ______.
What is outsourcing?
What are the advantages of outsourcing?
What are the disadvantages of outsourcing?
Illustrate outsourcing with suitable examples.
Justify the following statement.
Outsourcing is important.
Choose the Correct Answer.
A company under outsourcing transfers activities which are ______
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Business units can reduce expenditure by outsourcing front office work like ______
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The main benefit of outsourcing is ______
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Outsourcing job is given to developing countries specifically for ______
Choose the Correct Answer.
Outsourcing is carried out for the benefit of ______
Define outsourcing.
What is the need for outsourcing?
The process of contracting a business function to specialized agencies is known as outsourcing.
With the help of outsourcing company we can focus on the core areas.
