Economically efficient to contract-out

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(a) Economically, when is it best for a firm to outsource or contract-out some part of its production?

(b) Provide an example of a business task or operation that it would make sense to outsource.

(d) Is there any risk to outsourcing? Explain.

(e) For a task that is already outsourced, could it make sense to bring it back in-house at some future time? Explain.

Reference no: EM13984188

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