Key Terms Instructions: Please Define the Following Key Terms

question 8

Essay

Key Terms Instructions: Please define the following key terms. Show Who? What? Where? When? Why Important?
Triple Entente

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Definitions:

Outsourcing

The practice of hiring external organizations or individuals to perform services or create goods that traditionally were performed in-house by the company's own employees and staff.

Risks

The potential for losing something of value or the possibility of an adverse outcome resulting from a given action, activity, or decision.

Outsourcing

The practice of hiring third parties to perform services or produce goods that were previously handled in-house, typically to cut costs and improve efficiency.

Outsourced Service

A business practice where a company hires another organization to perform services, handle operations, or provide services that are either difficult to manage or are outside the company's expertise.