Etymology
The word "outsource" is a compound of two words:
Meaning and Origin
The term "outsource" was first used in the early 1980s in the field of business management. It refers to the practice of contracting out certain business functions or processes to third-party providers located outside the company's own country or organization.
Outsourcing can involve a wide range of tasks, such as:
The primary purpose of outsourcing is to reduce costs, improve efficiency, and access specialized expertise. By outsourcing non-core functions, companies can focus on their core competencies and increase their competitiveness.
Outsourcing has become increasingly common in the globalized economy as businesses seek to leverage global talent and resources.
Etymology The word source derives from the Old French word source which in turn come
Etymology The word source derives from the Old French word source which in turn come
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