Question

Compare in-house management to outsourced management.

A) In-house management is costlier but provides more control
B) In-house management is more efficient but less flexible
C) Outsourced management is cheaper but involves less control
D) Outsourced management allows better customization but can be expensive

Answer 1

Option C is the correct answer. Outsourced management is generally cheaper but involves less control compared to in-house management.

Step-by-step explanation:

In-house management refers to the practice of managing business operations internally, within the organization. It typically involves hiring and training employees to handle various tasks and responsibilities. In-house management provides more control over the operations and decision-making process, but it is often costlier due to the expenses associated with hiring, training, and managing employees.

Outsourced management, on the other hand, involves delegating certain business functions to external vendors or third-party service providers. These providers specialize in the specific task or service and are often more efficient and cost-effective in performing those functions. Outsourced management can be cheaper as it eliminates the need for hiring and training employees, but it may involve less control over the operations.