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Consulting Case Interview Practice Questions

Category - Strategy

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Which of the following best describes outsourcing?
  1. Leasing an asset from another business
  2. Management considering stakeholders needs
  3. Purchasing support services from another business
  4. Establishing a close long-term relationship between businesses
  5. A joint venture
Explanation
Answer: c - outsourcing can be defined as purchasing services from another business. Remember that outsourcing can be to any firm, including domestic ones. Off-shoring specifically means outsourcing to foreign countries for low-cost labor.

Key Takeaway: According to Computer World: "...At companies with revenues of at least $5 billion, as many as one quarter of IT jobs will be moved offshore by 2010" (May 2009).
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