Question

differences between Outsourcing and Offshoring
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Answer 1

Answer-

Meaning-  

Outsourcing refers to business peripheral operations to an external organization.

Offshoring refers to the relocation of business processes or methods in a different country.

What it implies?

Outsourcing- Shifting operations to third party.

Offshoring- Shifting activities or offices.

Objective-

Off sourcing focuses on core business activities

Offshoring focuses on lower labor cost.

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