BUSINESS ADMINISTRATION
HUMAN RESOURCES MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The process whereby a company takes a part of its business functions and gives that part to another company to complete
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The process whereby a company completes all aspects of its operations internally
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The process whereby a company recruits additional staff to assistduring periods of high consumer demand
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The process whereby a company produces goods for a distributor to then sell
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Detailed explanation-1: -Outsourcing is a business practice in which a company hires a third party to perform tasks, handle operations or provide services for the company.
Detailed explanation-2: -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.
Detailed explanation-3: -Outsourcing is where a company hires an external firm to conduct certain aspects of its business. In other words, one business hires another to operate part of its operations. For example, Apple outsources the majority of its production to Foxconn which assembles many of its products such as the iPhone.
Detailed explanation-4: -Outsourcing is the process of contracting a business function or any specific business activity to specialized agencies. Mostly, the non-core areas such as sanitation, security, household, pantry, etc are outsourced by the company. The company makes a formal agreement with the agency.