GENERAL KNOWLEDGE

GK

BUSINESS MANAGEMENT

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 also used by companies to dial down and focus on the core aspects of the business, spinning off the less critical operations to outside organizations.

Detailed explanation-2: -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-3: -A business practice whereby a company gives out some job functions and tasks to an external worker as a form of cost-cutting measure is what is known as outsourcing.

Detailed explanation-4: -The Two Most-Popular Types of Outsourcing in Software Development. IT Staff Augmentation and Dedicated Teams are the two types of outsourcing that have revolutionized software development.

Detailed explanation-5: -Professional outsourcing. IT outsourcing. Manufacturing outsourcing. Project outsourcing. Process outsourcing. Operational outsourcing.

There is 1 question to complete.