Explain the Concept Virtual Water and Give Examples

question 29

Essay

Explain the concept Virtual water and give examples.

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Definitions:

Expensive

Involving a high cost or requiring considerable expenditure.

Outsourcing Team

A group of external professionals or a company hired to perform tasks, handle operations or provide services that are either difficult to manage or are outside the organization's expertise.

Contractual Terms

Specific provisions or agreements forming part of a contract, outlining the rights, obligations, and expectations of the parties involved.

Competitive Process

A business strategy involving continuous efforts to improve products, services, or processes to gain an advantage over rivals in the industry.