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1.Discuss what is outsourcing? 2.Discuss why do firms outsource business practices? 3.How is outsourcing similiar to, or different from, contracting,...

1.Discuss what is outsourcing?
2.Discuss why do firms outsource business practices?
3.How is outsourcing similiar to, or different from, contracting, make vs buy, and joint venturing?
4.Discuss what are the strategic benefits of outsourcing?

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Answer 1:
Outsourcing has become the very common feature in the current century. The term Outsourcing
is defined as “the activity of contracting out the business activity or process to the third...

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