The process of having a separate business or engaging a third party for non-core activities is known as .

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outsourcing

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Solution

The correct option is B outsourcing
The process of having a separate business or engaging a third party for non-core activities is known as outsourcing. The companies must identify what is their core competence and concentrate only on that and outsource other functions to outside agencies.

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Similar questions

Q. _____ is the contracting of non-primary business activities and functions to a third-party provider.

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Q. What refers to the contracting out some business activities to a third party, which were earlier performed by the organisation itself?

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The process of having a separate business or engaging a third party for non-core activities is known as .

The correct option is B outsourcingThe process of having a separate business or engaging a third party for non-core activities is known as outsourcing. The companies must identify what is their core competence and concentrate only on that and outsource other functions to outside agencies.

The correct option is B outsourcing
The process of having a separate business or engaging a third party for non-core activities is known as outsourcing. The companies must identify what is their core competence and concentrate only on that and outsource other functions to outside agencies.