Explain how a business can use outsourcing. (2 marks)

To gain the two marks for this question you would first need to show knowledge, therefore give a brief definition of the term “outsourcing,” followed by one way a business can use outsourcing. An example answer would be: Outsourcing involves a business contracting out part of the business to an outside supplier, for example a business using an independent manufacturer to produce their products.

LS

Related Business Studies GCSE answers

All answers ▸

What is the difference between limited and unlimited liability?


Explain two benefits to a business of using part-time staff


X Ltd is selling their only product at 12.50 per unit and they have managed to sell a total of 3000 units. They currently have total costs at £32000, £15000 of which are Fixed costs. How much is the total revenue and the total Variable costs?


Define Economies of Scale stating an instance when this might occur.