Explain the Difference Between Shared Service Centres and the Outsourcing

question 36

Essay

Explain the difference between shared service centres and the outsourcing of services.

---

Definitions:

Cooperative

An organization owned and operated by a group of individuals for their mutual benefit, focusing on services or goods.

Corporate Owner

An entity that legally owns a corporation, which can be individuals, groups of people, or other companies.

Common Areas

Parts of a property that are available for use by all residents or members of a community, such as lobbies, gardens, and swimming pools in a condominium.

Tenants in Common

Tenants in common is a form of co-ownership where each owner possesses a specific fraction of the property and has the right to will their share to their heirs.