Do you know about Business Process Outsourcing?

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Accepted Answer

Business Process Outsourcing (BPO) is the practice of hiring a third-party company to handle non-core business activities.

BPO is commonly used for tasks such as customer service, data entry, and accounting.
It allows companies to focus on their core competencies and reduce costs.
Examples of BPO companies include Accenture, IBM, and Infosys.
BPO can be done domestically or internationally, with countries like India and the Philippines being popular outsourcing destinations.
BPO can also involve offshoring, which is the practice of outsourcing to a foreign country.
Offshoring can lead to controversy due to concerns about job loss and exploitation of workers in developing countries.

Accepted Answer

Difference between saving account as a person account, but current account is business related account that was a different.

Accepted Answer

Business process outsourcing - Hiring (outsourcing) resource for particular business operation which can't be fulfilled by current internal team.

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