Discuss Outsourcing by Explaining Its Purpose, Costs and Benefits

question 88

Essay

Discuss outsourcing by explaining its purpose, costs and benefits.Give two examples of outsourcing.

---

Definitions:

Accounts Payable

Liabilities owed by a business to its suppliers or creditors for goods and services received but not yet paid for.

Revenue Journal

A financial journal used to record specific types of revenue transactions, detailing the source and amount of income.

Customer Account

is a financial account that records the transactions, balance, and other financial interactions between a business and its customer.

Revenue Journal

A specialized accounting journal where a business records its revenue transactions.