wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Name the modern process of contracting a business function to someone else.

Open in App
Solution

Outsourcing is a business process of contracting a business function to someone else. It refers to the long-term contracting out of non-core activities of an organization to third-party specialists to benefit from their expertise and experience.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Introduction to Outsourcing
BUSINESS STUDIES
Watch in App
Join BYJU'S Learning Program
CrossIcon