Practicing Success
"Company hiring regular service from external sources" is an example of which of the following options? |
Privatisation Liberalization Outsourcing Promotion |
Outsourcing |
In outsourcing, a company hires regular service from external sources, mostly from other countries, which was previously provided internally or from within the country (like legal advice, computer service, advertisement, security — each provided by respective departments of the company). This is one of the important outcomes of the globalization process. |