Question

A Company which outsources its services to another service providing company/vendor, is called ________________.1 Contracting Company Dealing Company BPO BPM​

Answer 1

Outsourcing is a business practice in which a company hires a third-party to perform tasks, handle operations or provide services for the company.

Answer 2

The correct answer is 1. Contracting Company.

A company that outsources its services to another service-providing company/vendor is called a Contracting company.

• Outsourcing is a type of business practice in which a company hires another service provider company or vendor for services that were done conventionally in-house by the company's employees or staff.
• A Dealing Company serves as the middle man between manufacturers and buyers.
• It works with multiple companies, buys its products, and exports them.
• BPO is business process outsourcing is a business practice in which an organization contracts with a service provider to perform essential business services or tasks.
• BPM is business process administration is a discipline that helps in improving and standardizing processes in an organization.

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