In outsourcing, the company takes a function out of its home country and places the function in another country, generally at a lower cost.

Name: In outsourcing, the company takes a function out of its home country and places the function in another country, generally at a lower cost.
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Quizplus · Accepted Answer

Outsourcing refers to contracting out a business function to an external provider, which can be within the same country or abroad. When it involves another country, it is specifically called "offshoring."

In Outsourcing, the Company Takes a Function Out of Its