Outsourcing provides costeffective solutions from "summary" of The Business Book by DK
Outsourcing is a strategy that many businesses use to reduce costs and increase efficiency. By contracting out non-core functions to external vendors, companies can focus on their core competencies and save money in the process. One of the main benefits of outsourcing is that it allows companies to take advantage of lower labor costs in other countries. For example, a company based in the United States may choose to outsource its customer service operations to a call center in India where labor costs are significantly lower. This can result in substantial savings for the company without sacrificing the quality of service provided to customers.
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