What Is Outsourcing? Describe the Advantages and Disadvantages to Outsourcing

question 82

Essay

What is outsourcing? Describe the advantages and disadvantages to outsourcing software development.

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Definitions:

Trade Agreement

A treaty or pact between two or more nations that outlines how they will work together to ensure mutual benefits in trade.

Royalty

A payment made to the owner of certain types of property, such as patents or copyrights, for the right to use that property.

International Monetary Fund (IMF)

Organization established in 1947 to promote trade among member nations by eliminating trade barriers and fostering financial cooperation.