Question

what is outsourcing?

Answer 1

The practice of having certain job functions done outside a company instead of having an in-house department or employee handle them; functions can be outsourced to either a company or an individual.Outsourcing has become a major trend in human resources over the past decade.

Answer 2

Answer:

A business practise known as outsourcing entails hiring a third party to carry out duties, manage operations, or offer services on the company's behalf.

Explanation:

Businesses utilise outsourcing to reduce labour costs, including staff pay, overhead, equipment costs, and technology expenditures. Enterprises can use outsourcing to scale back operations, concentrate on their core competencies, and offload less important tasks to other companies.

The benefit of outsourcing:

• lower prices (due to economies of scale or lower labour rates)
• more effectiveness.
• fluctuating capacity
• heightened attention to strategy and key skills.
• access to knowledge or assets.
• improved adaptability to evolving commercial and corporate environments.
• shortened time to market

It is an important part in delineate the work of the major companies.

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