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

Third-party contract

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Delegation

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Outsourcing

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Contract manufacturing

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Solution

The correct option is C Outsourcing
Many companies hire other companies to take care of certain departments of their business. This is known as outsourcing. When they hire companies from other countries, it becomes an exchange of services.
For example, Pepsico used to outsource its IT services to Infosys, an Indian company.

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