outsourcing

The transfering of work from a specific area of the company ( e.g. accounting, manufacturing) to an outside supplier, which can be done to a company that is located in the home country or anywhere else is called______.

• Offshoring

• Outsourcing

• Globalization

Define outsourcing.

• The process by which businesses or other organizations develop international influence or start operating on an international scale
• The action of making or manufacturing from components or raw materials, or the process of being so manufactured.
• A practice used by different companies to reduce costs by transferring portions of work to outside suppliers rather than completing it internally.

Which of the following is not correct about "outsourcing?"

• It involves a company hiring another country to do certain work activities.
• It can reduce labor costs.
• It increases costs of producing goods/ services.
• Outsourcing countries are often in developing companies.

What is an offshore location?

• Located in a different country.
• Located in a different state.
• Located in a different continent.
• Located by a body of sea.

Karnataka has 77 engineering colleges producing more than 29,000 graduates a year so there is a large group of skilled ___________.

• workers

• Indians

• locations

• activities

We are selling more and more of our products abroad, so our export ________ is rising steadily.

• process

• decrease

• growth

• activities

We decided to outsource software development to an offshore _________ rather than to one in our own country.

• location

• place

• worker

• locations

This obtains business-critical, high-level services from someone not employed by the company, but within the same country.

• Onshore Outsourcing

• Nearshore Outsourcing

• Offshore Outsourcing

It is an outsourcing contracted outside a company's own country.

• Onshore Outsourcing

• Nearshore Outsourcing

• Offshore Outsourcing

It includes activities that require greater skill, knowledge, education, and expertise to handle.

• Knowledge Process Outsourcing (KPO)

• Information Technology-Enabled Services (ITES)

• Back Office Outsourcing