Question

Which strategy do companies use for their financial benefit?

Answer 1

i hope this helps. good luck!!

Answer 2

Answer:

The correct answer is: outsourcing; cost.

Explanation:

Outsourcing is a business strategy used by companies to reduce their cost of production.

It can be defined as the business strategy where firms hire someone from outside the firm for a work, or a good that otherwise would incur higher cost if done within the firm.

In outsourcing, both goods as well as services can be obtained from outside the firm.