Question

Illustrate outsourcing with suitable examples.

Answer 1

The company benefits in two ways.

1. It reduces its own cost.
2. It uses the expertise of a firm specializing in a particular service.

Examples of outsourcing: Places like shops, malls, housing societies, and offices hire outside agencies for services such as canteen management, cleaning, and security. Similarly, events such as weddings, anniversaries, and birthday celebrations can be handled by outsourcing to professional service providers.