Question

How does outsourcing represent a new mode of business?

Answer 1

tsourcing represents a new mode of business as it is a departure from the traditional thinking of self sufficiency in business It refers to a long-term contracting out of business activities to captive or third party specialists with a view to benefitting from their experience, expertise, effictency and even ...

Answer 2

Answer:

Global competitive pressures for higher quality products at lower costs, demanding customers and emerging technologies have induced a re-look at business processes and hence resulted in outsourcing as a new mode of business which is now being resorted to not out of compulsion but out of choice.