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What is Outsourcing? - Definition & Benefits

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which one of the following is not correct about outsourcing?

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1. If your company outsources its product assembly to another company so it can focus on its great ability to design and market, the outsourcing is giving your company which of the following advantages?

2. Which one of the following is not an advantage to outsourcing?

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About This Quiz & Worksheet

The process of outsourcing is a practice used in business in order to provide a company with certain benefits. The worksheet and quiz will help test you on the specific advantages that can be gained from outsourcing.

Quiz & Worksheet Goals

The quiz and worksheet will test you on:

  • Advantages provided by the use of outsourcing
  • Reducing the costs of a company
  • Benefits of outsourcing
  • Outsourcing and regulations on business

Skills Practiced

These evaluations will assess your skills of:

  • Reading comprehension - ensure that you draw the most important information from the related outsourcing lesson
  • Critical thinking - apply relevant concepts to examine information about regulation and business in a different light
  • Knowledge application - use your knowledge to answer questions about the advantages of outsourcing

Additional Learning

Make certain that you have covered all of the relevant material by reviewing the lesson titled What is Outsourcing? - Definition & Benefits. You can focus on these objectives using this lesson:

  • Know about a company's interest in reducing costs
  • Understand how a company benefits from outsourcing
  • Identify specific advantages of the practice
  • Understand how regulation can affect or encourage outsourcing
  • Discover an example of outsourcing in business
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