What Is Outsourcing In Simple Words?

What Is Outsourcing In Simple Words?
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  1. This answer was edited.

    Hey Amruta,
    Outsourcing is a business strategy wherein you appoint or hire a third party (individual or company) to do dedicated tasks or functions for your company.
    For example, if you are coming up with a new company and you need a logo for the same. You can hire a free lance graphic designer to get the work done for you instead of hiring a full time graphic designer under your company’s payroll.

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