Business Studies

The contracting of a specific business task, such as payroll to a third party service provider is ______________.


ANSWER

BPO


SOLUTION
Business Process Outsourcing, refers to the contracting of specific business tasks such as payroll, human resource or accounting to any third service provider company so that company can focus mainly on its core activities. Usually BPO is implemented as a cost saving measure.
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Single Correct Medium Published on 18th 08, 2020
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