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Explain the following term/concept. Outsourcing - Organisation of Commerce and Management

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Questions

Explain the following term/concept.

Outsourcing

Briefly discuss the following:

Outsourcing

Explain
Short Answer
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Solution

Outsourcing is a process of contracting a business function or specific business activity to a specialized agency. The company makes a formal agreement with the agency. The agency sends the required manpower to the company and charges it for the services offered. The different forms of outsourcing are BPO, KPO, and LPO.

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Chapter 5: Emerging Modes of Business - Exercise [Page 110]
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