Q.What is meant by Outsourcing?

Outsourcing is introduced in this AP Intermediate Commerce chapter as a trend closely connected to the growth of information technology.

Outsourcing refers to the practice of a business enterprise handing over one or more of its business activities or processes, which it could otherwise perform itself, to an outside specialist firm. The intention behind outsourcing is usually to reduce operating cost, gain access to specialised expertise that the firm does not have in-house, or free the firm's own staff to concentrate on its core, most important activities. …