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Ask QuestionPosted by Anurag Bajaj 8 years, 2 months ago
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Amar Kumar 8 years, 2 months ago
Outsourcing :It is a practice used by different companies to reduce costs by transferring portions of work to outside suppliers rather than completing it internally.
Outsourcing is an effective cost-saving strategy when used properly. It is sometimes more affordable to purchase a good from companies with than it is to produce the good internally.
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Durgesh Shukla 8 years, 3 months ago
The main purpose of business is to earn profit.Profit is the lifeline of business.Business carried on only those activities which involve earning profits.Profits is needed for business for its expansion,stability and dealing with future requirements.So it is considered an economic activity.
Swati Kandwal 8 years, 3 months ago
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Swati Kandwal 8 years, 2 months ago
0Thank You