Why is outsourcing necessary ? Describe the benefits of outsourcing .

Explanation

Outsourcing occurs when a company retains another business to perform some of its work activities. These companies are usually located in foreign countries with lower labor costs and a less strict regulatory environment.


Benefits:
Outsourcing can provide some significant benefits for companies.


Advantages of outsourcing include:


1.Lower labor costs:Companies typically outsource to businesses in developing countries where the cost of labor is significantly cheaper. Lower labor costs will improve the company's bottom line.

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