UNDERSTANDING BUSINESS / SIMNET CODE >I<
UNDERSTANDING BUSINESS / SIMNET CODE >I<
13th Edition
ISBN: 9781266120824
Author: Nickels
Publisher: MCG
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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.

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