Question

Technical meaning of Outsourcing
(a) Carrying out business functions or activities in separately established branch
(b) Delegation of non-core activities to an external specialized entity
(c) Buying resources from markets outside the main domestic market
(d) Managing business activities by specialized individuals.​

Answer 1

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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