ENTREPRENEURIAL OPERATIONS
HUMAN RESOURCE MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following best describes the concept of outsourcing?
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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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Explanation:
Detailed explanation-1: -Business process outsourcing (BPO) is a business practice in which an organization contracts with an external service provider to perform an essential business function or task.
Detailed explanation-2: -Outsourcing refers to the practice of a business contracting with a third-party supplier to provide products or services that are currently handled in-house by staff. Because of outsourcing, many businesses have been able to reduce expenses, gain access to specialized expertise, and improve overall performance.
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