Find at least one business example of outsourcing. Explain the risks and benefits.

Find at least one business example of outsourcing

Find at least one business example of outsourcing. Explain the risks and benefits.

I want to use an example dealing with virtual customer support chats. Like via online services.

2. There has been a push in many communities to source locally. Identify the risks and benefits of sourcing globally versus locally.

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Outsourcing is a business practice of hiring outsider/s to either offer specific services for a company or make goods for the company (Cromie & Zott, 2013). In most cases, outsourcing is done by companies as a cost-cutting strategy. When a company employs outsourcing as part of its cost-cutting strategies, the outsider company usually negotiates a lower wage plan with its…………………

APA 368 words