Answer:
Outsourcing
Explanation:
Outsourcing is the process by which business hires another company to perform tasks on its behalf. It is usually undertaken to reduce costs and focus on the strategic parts/functions of the organisations.
Many companies have outsourced their functions to developing countries. Like call centers are outsourced. Apple has outsourced its manufacturing to China.
Answer:
Differs amounts between different countries
Explanation:
Answer:
Gramm–Leach–Bliley Act
Explanation:
The Gramm–Leach–Bliley Act (GLBA), also known as the Financial Services Modernization Act of 1999, (enacted November 12, 1999) is an act of the 106th United States Congress (1999–2001). It repealed part of the Glass–Steagall Act of 1933, removing barriers in the market among banking companies, securities companies and insurance companies that prohibited any one institution from acting as any combination of an investment bank, a commercial bank, and an insurance company. With the bipartisan passage of the Gramm–Leach–Bliley Act, commercial banks, investment banks, securities firms, and insurance companies were allowed to consolidate. Furthermore, it failed to give to the SEC or any other financial regulatory agency the authority to regulate large investment bank holding companies. The legislation was signed into law by President Bill Clinton.