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garik1379 [7]
1 year ago
10

Cost __________ is a major advantage of outsourcing project work because companies can secure competitive prices for contracted

services, especially if the work can be outsourced offshore.
Business
1 answer:
Katarina [22]1 year ago
4 0

Cost reduction is a major advantage of outsourcing project work because companies can secure competitive prices for contracted services, especially if the work can be outsourced offshore.

Outsourcing is a business practice of employing a third party to take over tasks that were originally performed by direct employees of a company. Outsourcing is usually done as a cost reduction method including but not limited to salaries, technology, expertise, taxes, and equipment. This is possible because different organizations have different compensation structures for their employees which allows the outsourcing company to secure competitive prices for the contracted services.

Offshore outsourcing is generally an even more lucrative option as it offers expertise from around the globe, quality services with lower costs due to different costs of living, and around-the-clock services due to different time zones among other benefits.

When used properly, outsourcing is a highly effective strategy for cost reduction and provides a competitive advantage.

You can learn more about cost reduction at

brainly.com/question/13932872

#SPJ4

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An increase in the minimum wage​ ______. A. decreases employment and increases unemployment if it is set above the equilibrium w
fenix001 [56]

Answer:

The correct answer to fill the blank space will be option "C"

Explanation:

The relation between minimum wage and employment depends on the magnitude of the minimum wage relative to wage rate. Seein this we can say that an increase in the legal minimum wage will bring up the employment rate if it is set bellow the wage rate.

7 0
3 years ago
Read 2 more answers
Maren received 10 NQOs (each option gives her the right to purchase 10 shares of stock for $8 per share) at the time she started
MAVERICK [17]

Answer:

$500 gain and $185 tax

Explanation:

Sale of share = No. of  NQOs × No. of shares  × Selling price per share

                      = 10 × 10 × $20

                      = $2,000

Basis = No. of  NQOs × No. of shares  × share price @$15

         = 10 × 10 × $15

         = $1,500

Gain realised = Sale of share - Basis

                      = $2,000 - $1,500

                      = $500

The tax is calculated as follows:

= Gain realised × marginal tax rate

= $500 × 37%

= $185

4 0
3 years ago
Gather secondary data by reading what others have experienced and observed. You should begin nearly every research project by re
liraira [26]

Answer:

An Index is used to identify references, key words or paragraphs, abstracts so also articles from different sources.

6 0
2 years ago
The intensive care unit lab process has an average turnaround time of 26.2 minutes and a standard deviation of 1.35 minutes. The
olga55 [171]

Answer: yes

Explanation:

Upper specification = 30 minutes

Lower specification = 20 minutes

Average service = 26.26minutes

Sigma= 1.35 minutes

7 0
2 years ago
Arrange the steps to show the effects of contractionary fiscal policy. Tiles Inflationary pressure decreases. Government increas
lana [24]
<span>Government increases the tax rate.
Consumers have less money to spend.
</span>Producers manufacture fewer goods.
Inflationary pressure decreases.<span>

</span>
7 0
3 years ago
Read 2 more answers
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