Benefits to a company that can result from outsourcing include:

Question

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Outsourcing can lead to accessing new markets/customers by utilizing skills or resources of the outsourcing partner. This in turn can lead to lower costs as the outsourcing partner may have lower labor or production costs. However, outsourcing may not necessarily result in decreased flexibility or decreased demand, as outsourcing can be planned strategically to maintain flexibility and meet demand.

Benefits to a Company That Can Result from Outsourcing Include