Briefly explain the reasons for the growth in outsourcing, Ask an Expert

Management Studies

Briefly explain the reasons for the growth in outsourcing by organisations.

Outsourcing involves the contracting out of a business function to an external third partyprovider. This usually includes two organisations entering a contractual agreement to exchange services and payments.

When a business outsources to suppliers outside a country the process is known as offshoring or 'offshore outsourcing'.

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Project Management, Management Studies

Category:- Project Management
Reference No.:- M9555189

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