Business Studies

Outsourcing is used by an organization for the interest of _______.


ANSWER

any of the above


SOLUTION
Companies outsource primarily to reduce/cut costs. Nowadays, it is not only about cutting costs but also about reaping the benefits of strategic outsourcing viz accessing global skilled expertise, flexible staffing and increasing efficiency, reducing turnaround time, and eventually generating more revenue.
Thus it can be said that outsourcing is used by an organisation for lowering the costs of its firm and making the efficient use of its factors of production and also conserving its energy for the competencies of a particular business.
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Single Correct Medium Published on 18th 08, 2020
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