Question

Outsourcing of services is:______. a. decreasing in volume and scope. b. increasing in volume and scope. c. increasing in volume, but decreasing in scope. d. about the same in volume and scope over the last decade. e. decreasing in volume, but increasing in scope.

Answer 1

Answer:

b. increasing in volume and scope.

Explanation:

• An outsourcing is an agreement between the one company that hires the other company for a planned existing activity that could be done internally and refers to the phase-out phase.

• Is it relates an increase the volume of the and scope through the handling of the services and involves the contraction of the business processes like the payroll processing and the claim processing.

Answer 2

Answer:

b. increasing in volume and scope

Explanation:

Outsourcing refers to assigning routine day to day tasks of less significance to an outside firm at a contractual price, with dual motive of saving time and focusing upon more important tasks and also to avail specialized services of an outside firm to ensure efficiency.

For example, a company may outsource it's human resource management function to third party consultants rather than conducting recruitment on it's own.

With the growth in businesses and with increased competition, the need to focus upon strategic tasks has increased which calls for growth in outsourcing function owing to which outsourcing of services has increased both in volume and scope.