UNDERSTANDING BUSINESS CONNNECT ACCESS
UNDERSTANDING BUSINESS CONNNECT ACCESS
12th Edition
ISBN: 9781264402458
Author: Nickels
Publisher: INTER MCG
Question
Book Icon
Chapter 1.1, Problem 4TP
Summary Introduction

To determine: The meaning of stakeholders, outsourcing and insourcing.

Introduction:

The individual investors that earn or lose with the profits as well as the losses on a business are the stakeholders of a company.

The method of outsourcing help to outsource various resources and services required for production in the home country.

Insourcing refers to the method of use of all the fundamentals and services required in the production process in a project from the own business itself.

Blurred answer
Students have asked these similar questions
Give examples of internal and of external stakeholders of a company.
Who are a firm's stakeholders? Why are they important?
How does integrated management systems work?
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Understanding Business
Management
ISBN:9781259929434
Author:William Nickels
Publisher:McGraw-Hill Education
Text book image
Management (14th Edition)
Management
ISBN:9780134527604
Author:Stephen P. Robbins, Mary A. Coulter
Publisher:PEARSON
Text book image
Spreadsheet Modeling & Decision Analysis: A Pract...
Management
ISBN:9781305947412
Author:Cliff Ragsdale
Publisher:Cengage Learning
Text book image
Management Information Systems: Managing The Digi...
Management
ISBN:9780135191798
Author:Kenneth C. Laudon, Jane P. Laudon
Publisher:PEARSON
Text book image
Business Essentials (12th Edition) (What's New in...
Management
ISBN:9780134728391
Author:Ronald J. Ebert, Ricky W. Griffin
Publisher:PEARSON
Text book image
Fundamentals of Management (10th Edition)
Management
ISBN:9780134237473
Author:Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:PEARSON