______ is having an outside company manage numerous routine business management activities usually done by employees of the company.
A) Business process outsourcing
B) Business process reengineering
C) Digitizing
D) Differentiation

Question

Quizplus · Accepted Answer

Business process outsourcing (BPO) is the practice of hiring an outside company to manage routine business management activities such as human resources, payroll, accounting, and customer service. This allows the company to focus on its core competencies while the third-party service provider handles the administrative tasks. Business process reengineering (BPR) involves analyzing and redesigning business processes to improve efficiency and effectiveness, while digitizing refers to the process of converting analog information into digital format. Differentiation is a strategy where a company seeks to distinguish its products or services from competitors in the marketplace.

______ Is Having an Outside Company Manage Numerous Routine Business