15. What do you mean by Out Sourcing?
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Outsourcing is the business practice of hiring a party outside a company to perform services and create goods that traditionally were performed in-house by the company's own employees and staff. Outsourcing is a practice usually undertaken by companies as a cost-cutting measure.
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Outsourcing is a business practice in which a company hires a third-party to perform tasks, handle operations or provide services for the company. ... They frequently outsource customer service and call service functions...
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