Outsourcing
ICSE · Class 12 · Business Studies
Step-by-step guide to study Outsourcing in ICSE Class 12 Business Studies. Topics to cover, practice strategy, and time allocation.
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Study Plan
Learn the Theory
Read the textbook chapter carefully. Note down definitions, formulas, and key concepts.
Practice Problems
Solve textbook exercises and additional practice questions. There are 70 questions available for this chapter.
Revise & Test
Revise key formulas and concepts without looking at notes. Take a practice quiz to test your understanding. Mark weak areas for re-revision.
Spaced Revision
Revisit Outsourcing after a week. Use flashcards for quick recall. Solve previous year questions from this chapter.
What to Focus On
- Outsourcing is a new trend in business.
- It means contracting out business functions or processes to an outside agency.
- It helps use outside expertise and experience.
- The three parties are outsourced, outsourcer, and service provider.
- The outsourced agrees to perform the work.
- The outsourcer hires the external agency.
- The outsourced can earn income and build a client network.
- The outsourcer can focus on core work and reduce cost.
- The service provider can measure results and understand true process cost.
Common Mistakes to Avoid
The outsourcer, the outsourced, and the service provider are always three different parties.
The outsourced is the company that hires the outside agency.
Outsourcing means only sending work outside the country.
Memory Tips
Meaning of outsourcing
Three parties in outsourcing
Difference between outsourced and outsourcer
Service provider role
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Sources & Official References
Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.
More resources for Outsourcing
Practice Quiz
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Important Questions
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Revision Notes
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Formula Sheet
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Chapter Summary
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Concept Maps
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Flashcards
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Syllabus
What topics to cover
NCERT Solutions
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Quizzes, flashcards, AI doubt-solver and a step-by-step study plan for ICSE Class 12 Business Studies.