What Is Outsorcing And Why You Should Use It

Outsourcing is the process of contracting services to another party; individual or agency for the purpose of attaining comparative advantages and economies of scale. Outsourcing services is nothing new. Many businesses were outsourcing as early as the 1970’s primarily as a strategy to streamline costs. But in the 1990’s when companies in Silicon Valley entered third party service arrangements with technology companies from India, outsourcing became a by- word in business development.

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