Practicing Success
Which of the following statements is/are true in respect of outsourcing? |
It is also called as contracting out. It means giving work
to an outside agency It improve efficiency
and to reduce costs. All of the above |
All of the above |
Outsourcing or contracting out is giving work to an outside agency to improve efficiency and to reduce costs. When outsourcing involves transferring work to overseas locations, it is described by the term off - shoring, although both off - shoring and outsourcing are used together. |