..... occurs when a business cuts back on operations to focus on its core activities. This way does not need to employ as many workers.

HUMAN RESOURCE MANAGEMENT

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

____ occurs when a business cuts back on operations to focus on its core activities. This way does not need to employ as many workers.

A	Downshifting
B	Job Share
C	Outsourcing
D	Teleworking

Explanation:

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: -There are many different types of outsourcing including offshore staffing, onshoring, and project outsourcing.

Detailed explanation-3: -What Is Outsourcing? First seen as a formal business strategy in 1989, outsourcing is the process of hiring third parties to conduct services that were typically performed by the company. Often, outsourcing is used so that a company can focus on its core operations. It is also used to cut costs on labor, among others.

Detailed explanation-4: -Process-specific outsourcing. Professional outsourcing. Logistics outsourcing. Operational outsourcing. Manufacturing outsourcing. Project outsourcing. Multi-sourcing. 25-Mar-2023

There is 1 question to complete.

ENTREPRENEURSHIP

ENTREPRENEURIAL OPERATIONS

HUMAN RESOURCE MANAGEMENT