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- 1. Multiple ChoiceDefine outsourcing.The process by which businesses or other organizations develop international influence or start operating on an international scaleThe 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.
- 2. Multiple ChoiceWhich 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.
- 3. Multiple Choice
Which of these is not a benefit of outsourcing jobs?
Residents in other countries learn about a company’s product
Workers in the UK. lose their jobs
A company makes a larger profit because the cost of labour is lower.
- 4. Multiple Choice
When you hire someone outside your company to do work it is calledoutfittingITinsourcingoutsourcing - 5. Multiple ChoiceWhat 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.
- 6. Multiple Choice
What are the FOUR main reasons to outsource
Save Time, Save Money, Obtain Specialist Knowledge, Use Less Physical Resources
Save man hours, Spend More Money, Obtain Specialist Knowledge, Use Less Physical Resources
Save Time, Save Money, Obtain Specialist Knowledge, use more Physical Resources
Save Money, Save Time, Do the work yourself, use more Physical Resources
- Answer choicesTagsAnswer choicesTags