Answer: Outsourcing
Step-by-step explanation:
Outsourcing is the practice of contracting out responsibilities to an entity that is not part of an organization to perform certain services or handle some processes. Such task is handled and performed differently from the normal way the organization handles it. Example of such services includes conducting a recruitment process, creating a good, project planning etc.
Outsourcing helps an organization to save cost, improve efficiency and achieve effectiveness. It also provides fast service and reduces time wasting.
Using outsourcing as part of a business strategy started in 1989, although it is regarded as a controversial form of business strategy in most countries because it is perceived to cause or lead to job loss.
Types of Outsourcing includes.
•Process outsourcing.
•Project outsourcing.
•People outsourcing.