Business Studies

BPO stands for ________________.


ANSWER

Business Process Outsourcing


SOLUTION

BPO stands for Business process outsourcing which refers to a form of business where a company sets contract with an outside company for the completion of a task through electronic process in exchange of a certain amount of payment for the company.

This form of business face many challenges in day to day life like the contractual length of the task, the competition and lack of confidentiality of the information shared between the business.

 The advantages of these business are that they promotes effective use of supply chain partners, Increases flexibility in resource management and increases the speed of business process. 

View Answers

You're just one step away

Create your Digital Resume For FREE on your name's sub domain "yourname.wcard.io". Register Here!


Single Correct Medium Published on 18th 08, 2020
Next Question
Questions 244531
Subjects 8
Chapters 125
Enrolled Students 199
Enroll Now For FREE

Realted Questions

Q1 Single Correct Medium
Which of the following ordinary services were revolutionized after the invention of the internet?
  • A. Food delivery
  • B. Purchase of goods
  • C. Education
  • D. All of the above

Asked in: Business Studies - Emerging Modes of Services


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q2 Single Correct Medium
What categories should an organization evaluate when making an outsourcing decision?
  • A. Salary cost
  • B. Geopolitical risk
  • C. English proficiency
  • D. All of the above

Asked in: Business Studies - Emerging Modes of Services


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q3 Single Correct Medium
_______ refers to the probability of any mis-happening that can result into financial, reputational or psychological losses to the parties involved in a transaction.
  • A. Loss
  • B. Distress
  • C. Virus
  • D. Risk

Asked in: Business Studies - Emerging Modes of Services


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q4 Subjective Medium
State with reason, whether the following statement is True or False:
e-business means using the internet to connect people and processes.

Asked in: Business Studies - Emerging Modes of Services


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q5 TRUE/FALSE Medium
E-business helps in a movement towards paperless society and ecological ways of doing business.
  • A. True
  • B. False

Asked in: Business Studies - Emerging Modes of Services


1 Verified Answer | Published on 18th 08, 2020

View Answer