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garik1379 [7]
2 years 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]2 years 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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Immediately after a hurricane, it is likely that the quantity demanded for tree cutting/removal services will ______ the quantit
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Answer:

Immediately after a hurricane, it is likely that the quantity demanded for tree cutting/removal services will "Remain" the quantity supplied, causing the price of tree cutting/removal services to ''Rise''

Explanation:

3 0
3 years ago
On january 14, sheridan company purchased supplies of $420 on account. the entry to record the purchase will include:______.
devlian [24]

Entry to record the purchase will include <u>a debit to supplies and a credit to accounts payable</u>.

Accounts payable (AP) are amounts because of companies or providers for goods or services acquired that have not been paid for. The sum of all tremendous amounts owed to providers is shown as the money owed payable stability at the enterprise's stability sheet.

A debit will increase asset or fee debts and decreases legal responsibility, sales, or fairness debts. A credit is continually located at the proper aspect of access. It increases legal responsibility, revenue, or equity money owed and reduces asset or cost money owed.

Purchasing is the buying of goods or offerings. An item that has been bought is known as a purchase. the opposite of a purchase is a sale. In not unusual usage, the shorter word "purchase" is usually used whilst buying, instead of the phrase "buy".

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5 0
2 years ago
The boy scouts, the veterans of foreign wars, most civic organizations, and many groups that people join because of mutual inter
NISA [10]
The boy scouts, the veterans of foreign wars, most civic organizations, and many groups that people join because of mutual interest are all examples of voluntary associations.  They worked together as volunteers in a form of union or agreement working together for a unified purpose or mutual interest.
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3 years ago
In the joint planning process, ____________ saves times by allowing planning activities to begin in advance of a formal decision
Novosadov [1.4K]

In the joint planning process, A Planning Order (PLANORD) <span>is a planning directive providing essential planning guidance and directs the initiation of plan development before the directing authority approves a military COA. It saves times by allowing planning activities to begin in advance of a formal decision.</span>

 

 

 






6 0
3 years ago
Read 2 more answers
The revenues of a company increased by 39% in year one and decreased 22% in year two. What is the overall change over the two-ye
Vlada [557]

the overall hange is a net-gain of 17% as the company's total revunue experienced an overall positive outcome over said two year period. :)

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3 years ago
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