ENTREPRENEURIAL OPERATIONS
PRODUCTION PLANNING AND CONTROL
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Transferring a business function, such as the recruitment of human resources, to another organization is known as what?
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demerging
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offshoring
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subcontracting
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insourcing
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Explanation:
Detailed explanation-1: -Outsourcing refers to the process of transferring an aspect of the company’s operations to a third-party firm.
Detailed explanation-2: -Outsourcing is when a company negotiates a contract with a third party to perform a specific function. When outsourcing a process or operation, it is vital to find a company or person that specializes in the task at hand. However, offshoring is when a company sends in-house jobs to be performed in another country.
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