The doing of business in the contemporary time has taken a new dimension due to the competition that characterised it. Economic activities in our era can be described as economic Darwinism. Only the strong businesses will survive. Besides, the recent global melt down has forced many business owners to look for ways through which they can manage their businesses without spending much money. Outsourcing is one of the strategies employed by most companies in order to manage their companies effectively and to reduce cost. This means by outsourcing, they will spend less in the running of their business and make more profits.What is Outsourcing?Outsourcing can be defined as the act through which a company enters into agreement with another so that it will provide them with some services instead of using their own staff to accomplish the task. Many companies today outsource some of the primary ...
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