What is outsourcing?A.The lowering of domestic wagesB.Selling goods abroadC.Having work done abroadD.The use of ISO containers
Question
What is outsourcing?A.The lowering of domestic wagesB.Selling goods abroadC.Having work done abroadD.The use of ISO containers
Solution
Outsourcing is C. Having work done abroad. This typically involves a company contracting work out to a third party in another country. Companies often do this to reduce labor costs, improve efficiency, or gain access to skills and resources not readily available in their own country.
Similar Questions
Explain the term 'outsourcing
What is Outsourcing?By giving an outside party the responsibility to make goods for your company By producing the goods within your company
Which best describes the practice of outsourcing?A.Employing workers in other countries to save on labor costsB.Giving political positions to members of other political partiesC.Enforcing minimum wage laws and fair trade practicesD.Providing jobs to members of labor unions
The disadvantages of global outsourcing are?a.Hidden costsb.Cut down customer issuesc.Cheap labour costd.Beat competition
Outsourcing is a strategy that involvesMultiple choice question.conducting value chain operations in-house rather than relying on outside vendors.merging with or acquiring a company that specializes in an operation further up the value chain.contracting out certain value chain activities that are normally performed in-house to outside vendors.moving value chain activities from one division in the company to another.
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