Question

Write the word or phrase or term which can substitute each one of the following:

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

Answer 1

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

Explanation:
Nowadays, firms focus on core activities and contract out non-core activities to some external agencies. For example, activities like security, canteen, cleaning, sanitation, etc are generally outsourced to a third party. This process is known as outsourcing. Firms outsource those activities that are not so essential for them.