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Why Would a Business Decide to Use an External Company

question 37

Essay

Why would a business decide to use an external company to prepare their payroll cheques and related reports?


Definitions:

Cheat

An act of dishonesty or unfairness to gain an advantage.

Monopoly

A market structure characterized by a single seller that controls the entire supply of a product or service, with no close substitutes.

Marginal Cost

Marginal cost is the change in total cost that arises when the quantity produced is incremented by one unit.

Revenue

Revenue is the total income generated from normal business operations, like selling goods or services, before any expenses are deducted.

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