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Direction: Read the following text and answer the questions that follow:
Utsav Sharma, an entrepreneur is planning to enter into a new business of manufacturing laptop bags with an inbuilt lock facility and solar charger. Being highly complex and tedious, its manufacturing operations need to be well planned. He decides that the complete bag will be manufactured at his own factory but its advertisement campaign can be given to Vigyapan Agency so that he can focus on key functions.
Q. Which one of the following is not the need of outsourcing?
  • a)
    Focusing of attention
  • b)
    Quest for excellence
  • c)
    Cost reduction
  • d)
    Sharing of trade secrets
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Direction: Read the following text and answer the questions that foll...
Outsourcing is the business practice of hiring a party outside a company to perform services or create goods that were traditionally performed in-house by the company's own employees and staff. Outsourcing is a practice usually undertaken by companies as a cost-cutting measure.
Sharing of trade secrets is not the need of outsourcing.
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Direction: Read the following text and answer the questions that follow:Utsav Sharma, an entrepreneur is planning to enter into a new business of manufacturing laptop bags with an inbuilt lock facility and solar charger. Being highly complex and tedious, its manufacturing operations need to be well planned. He decides that the complete bag will be manufactured at his own factory but its advertisement campaign can be given to Vigyapan Agency so that he can focus on key functions.Q. Which one of the following is not the need of outsourcing?a)Focusing of attentionb)Quest for excellencec)Cost reductiond)Sharing of trade secretsCorrect answer is option 'D'. Can you explain this answer?
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Direction: Read the following text and answer the questions that follow:Utsav Sharma, an entrepreneur is planning to enter into a new business of manufacturing laptop bags with an inbuilt lock facility and solar charger. Being highly complex and tedious, its manufacturing operations need to be well planned. He decides that the complete bag will be manufactured at his own factory but its advertisement campaign can be given to Vigyapan Agency so that he can focus on key functions.Q. Which one of the following is not the need of outsourcing?a)Focusing of attentionb)Quest for excellencec)Cost reductiond)Sharing of trade secretsCorrect answer is option 'D'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Direction: Read the following text and answer the questions that follow:Utsav Sharma, an entrepreneur is planning to enter into a new business of manufacturing laptop bags with an inbuilt lock facility and solar charger. Being highly complex and tedious, its manufacturing operations need to be well planned. He decides that the complete bag will be manufactured at his own factory but its advertisement campaign can be given to Vigyapan Agency so that he can focus on key functions.Q. Which one of the following is not the need of outsourcing?a)Focusing of attentionb)Quest for excellencec)Cost reductiond)Sharing of trade secretsCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Direction: Read the following text and answer the questions that follow:Utsav Sharma, an entrepreneur is planning to enter into a new business of manufacturing laptop bags with an inbuilt lock facility and solar charger. Being highly complex and tedious, its manufacturing operations need to be well planned. He decides that the complete bag will be manufactured at his own factory but its advertisement campaign can be given to Vigyapan Agency so that he can focus on key functions.Q. Which one of the following is not the need of outsourcing?a)Focusing of attentionb)Quest for excellencec)Cost reductiond)Sharing of trade secretsCorrect answer is option 'D'. Can you explain this answer?.
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