SELECT * FROM question_mgmt as q WHERE id=7441 AND status=1 SELECT id,question_no,question,chapter FROM question_mgmt as q WHERE courseId=2 AND subId=20 AND chapterId=213 and ex_no='1' AND status=1 ORDER BY CAST(question_no AS UNSIGNED) CBSE Free NCERT Solution of 11th business-studies Emerging Modes of Business how does outsourcing represent a new mode of busin

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How does outsourcing represent a new mode of business?

Answer:

Outsourcing described as the long term contracting out generally the non-core and of late even some of the core activities to captive or to the third party specialists with a view of benefiting from their experience, expertise, efficiency and even investment too. In this, non-core business activities are Outsourced. Sanitation and house-keeping duties are non-core for most organisations. For municipalities and sanitation service providers these activities forms the core of their business activity. In other words, depending upon what business a company is in, there will be some certain activities that are central while others are secondary as the organisations venture to do the experiment with. Outsourcing, they may initially, outsource only the non-core activities. Belau on, as they become comfortable, with managing interdependencies, they may start getting even the core activities which is done by outsiders.


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