SSC CHSL 2025 · PYQ · Economy / Business · medium
When a company hires regular service from external sources which was previously provided internally is known as _____.
- A.Cross-Subsidization
- B.Outsourcing✓ Correct
- C.Subsidization
- D.Globalisation
Outsourcing refers to the practice where a company contracts out services or functions to external providers that were previously handled in-house.
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