An essential issue in international business is determining which components to manufacture in-house and which to outsource to independent suppliers. Is outsourcing a good idea? Explain your answer in a persuasive way.

Yes it's a good idea.

Outsourcing is the business practice of contracting with an outside party to take care of certain tasks instead of hiring new employees or assigning those tasks to existing staff. It's a popular way for businesses to lower operational costs and streamline operations while still handling important functions.

Explanation:

Outsourcing helps you:

Focus on core tasks

Lower costs

Promote growth

Maintain operational control

Offer staffing flexibility

Provide continuity and risk management

Develop internal staff

When considering how outsourcing can help a company grow, don't limit the company to looking at the cost of hiring outside contractors versus handling a task with your current staff. The company should focus on the value a contractor's expertise adds to your company. Whether through expanding production, marketing your company more extensively, or disrupting the way the industry does business, outsourcing can provide an opportunity for you to innovate, grow, and rise above the competition.

d. low interest rates

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