Question

Which best describes the practice of outsourcing?

Answer 1

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Q:

Which best describes the practice of outsourcing? 

Answer:

 


In business, outsourcing is an agreement in which one company contracts its own internal activity to different company. It involves the contracting out of a business process (e.g. payroll processing, claims processing) and operational, and/or non-core functions (e.g. manufacturing, facility management, call center support) to another party (see also business process outsourcing).


 


A company moves some of its jobs to another country and employing workers in other countries to save on labor costs best describes the practice of outsourcing.