Question

Name the three parties involved in outsourcing.

Name and explain any two parties involved in outsourcing.

What are the parties involved in outsourcing?

Answer 1

The three parties involved in outsourcing are:

1. The outsourcer: The organization decides to outsource certain business operations or functions to third-party service providers.
   Example: A technology corporation may outsource customer service to a call centre.
2. The service provider: The third-party company that offers outsourced services.
   Example: Concentrix, Wipro, and Infosys are some examples of BPO (Business Process Outsourcing) organizations.
3. The outsourced: The specific task, process, or function being outsourced.
   Example: Payroll processing, IT support, or legal research.