Explain the meaning of globalisation and …
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Gaurav Seth 5 years, 3 months ago
Globalisation:
It means integration of the economy of the'”country with the world economy. Globalisation encourages foreign trade and private and institutional foreign investment.
Outsourcing means contracting out non-core and routine activities to outside agencies with a view to benefitting from their expertise, experience and efficiency. For instance, a firm may outsource the advertising activity to an advertising agency instead of setting up its own advertising department. Such other related services may also be outsourced for better quality and economy.
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