Economics · Business Services and Outsourcing
What is meant by the term 'Outsourcing'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Exporting goods exclusively to international markets
- 2Combining financial resources with competitor firms for joint ventures
- 3Hiring foreign employees to work within the host country
- 4A business practice where a company contracts an outside organization or agency to perform specific tasks✓
Correct answer
A business practice where a company contracts an outside organization or agency to perform specific tasks
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