Outsourcing typically ______ the scope of a business's operations.Multiple choice question.expandsneutralizesdestabilizesnarrows
Question
Outsourcing typically ______ the scope of a business's operations.Multiple choice question.expandsneutralizesdestabilizesnarrows
Solution
The correct answer is "narrows". Outsourcing is a business practice of hiring a party outside a company to perform services and create goods that were traditionally performed in-house by the company's own employees and staff. This typically narrows the scope of a business's operations as it allows the company to focus more on its core competencies and less on the operational details of secondary functions.
Similar Questions
Outsourcing can be done __________. A. Domestically or offshore B. Domestically,offshore,via cloud computing,or SaaS C. Via business processing D. Via cloud computing or SaaS
Outsourcing is a strategy that involvesMultiple choice question.conducting value chain operations in-house rather than relying on outside vendors.merging with or acquiring a company that specializes in an operation further up the value chain.contracting out certain value chain activities that are normally performed in-house to outside vendors.moving value chain activities from one division in the company to another.
Which best describes the practice of outsourcing?A.Employing workers in other countries to save on labor costsB.Giving political positions to members of other political partiesC.Enforcing minimum wage laws and fair trade practicesD.Providing jobs to members of labor unions
When a firm assigns one or more of its functions to an outside organization, it is:Multiple choice question.insourcingdelegatinginefficientoutsourcing
Explain the term 'outsourcing
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