Include the following in the explanation:
1. A variety of functions or services
2. Legal considerations
3. Cultural issues
5. Political considerations
6. Economic considerations
Pros and Cons of Outsourcing:
1. A variety of functions or services: One of the main advantages of outsourcing is that wide range of core and non-core activities can be outsourced to different countries across the globe. Outsourcing offers significant cost and quality related advantages in different functional areas of business.
2. Legal considerations: Outsourcing means engaging in cross border transactions and business and thus, both domestic and international laws of different countries apply in outsourcing. Hence, one needs to comply with such myriad of laws and ensure strict compliance to avoid penalties and fines. Outsourcing often increases workload on companies in terms of ensuring compliance and ...