Understanding Business
Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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Chapter 1.1, Problem 4TP
Summary Introduction

To determine: The meaning of stakeholders, outsourcing and insourcing.

Introduction:

The individual investors that earn or lose with the profits as well as the losses on a business are the stakeholders of a company.

The method of outsourcing help to outsource various resources and services required for production in the home country.

Insourcing refers to the method of use of all the fundamentals and services required in the production process in a project from the own business itself.

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