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Answer any THREE questions in SECTION I and TWO questions in SECTION II. ALL questions carry equal marks.
Business/Management
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Here's the answer to Question One (a):
a) Five reasons why organizations outsource services:
- Cost Reduction: Outsourcing can lead to lower operational costs by leveraging economies of scale and specialized providers.
- Access to Specialized Expertise: Organizations can gain access to specialized skills, technology, or knowledge that may not be available internally.
- Focus on Core Competencies: Outsourcing non-core activities allows the organization to concentrate its resources and efforts on its primary business functions.
- Increased Efficiency and Productivity: Specialized outsourcing providers often have optimized processes and tools, leading to higher efficiency and productivity for the outsourced tasks.
- Flexibility and Scalability: Outsourcing provides flexibility to scale operations up or down quickly in response to changing market demands without significant fixed costs.
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