Which term describes getting other businesses to undertake work that was previously done in-house?

Unlock all questions

This demo includes only 20 questions. Upgrade to access hundreds of questions, flashcards, exam simulations, and disable ads.

Full question bankExam simulationsFlashcards
From $9.99Unlock all

Study for the Edexcel A-Level Business Theme 1 Test. Engage with flashcards and multiple choice questions, each with hints and explanations. Prepare thoroughly for your exam!

Multiple Choice

Which term describes getting other businesses to undertake work that was previously done in-house?

Explanation:
Outsourcing describes getting other businesses to undertake work that was previously done in-house. By contracting external firms to handle activities, a company can often reduce costs, access specialist skills, and focus more on its main strengths. Nearshoring and offshoring are just variations of outsourcing—bringing work to nearby or distant locations—while insourcing means keeping the work inside the company.

Outsourcing describes getting other businesses to undertake work that was previously done in-house. By contracting external firms to handle activities, a company can often reduce costs, access specialist skills, and focus more on its main strengths. Nearshoring and offshoring are just variations of outsourcing—bringing work to nearby or distant locations—while insourcing means keeping the work inside the company.

More Multiple Choice Questions
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy