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Question
What is outsourcing?
Solution
Outsourcing is the process of contracting a business function or any specific business activity to specialized agencies. Mostly, the non-core areas, such as sanitation, security, household pantry, etc., are outsourced by the company. The company makes a formal agreement with the agency.
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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.
With the help of outsourcing, the company cannot focus on the core areas.
The process of contracting a business function to specialized agencies is known as ______.
Explain the following term/concept.
Outsourcing
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Illustrate outsourcing with suitable examples.
Justify the following statement.
Outsourcing is important.
Choose the Correct Answer.
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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 ______
Define outsourcing.
What is the need for outsourcing?
The process of contracting a business function to specialized agencies is known as outsourcing.
