To reduce costs and remain competitive, many Canadian companies are turning to outsourcingusing an outside supplier...
Question:
"To reduce costs and remain competitive, many Canadian companies are turning to outsourcing—using an outside supplier to provide goods or services—and offshoring—purchasing foreign-produced goods or services. Both these practices raise concerns about Canadian job losses, particularly in manufacturing and in service industries, such as Information Technology (IT), engineering, and accounting. Between 2007 and 2009, about 1.9% of all Canadian companies and 5.2% of manufacturers offshored a business activity. In 2012, Canadian companies outsourced an estimated $15 billion of IT services. What Do You Think? Suppose you are the managing partner in a public accounting firm with 30 full-time staff. You've heard that some of your competitors have begun to outsource basic tax return preparation work to India. Should you do the same? If you did, you estimate you would have to lay off six staff members.".
Need very good and strong response with lots of supported explanation
Expert Answer:
Most companies examine costs as fixed and variable costs And if reliable partners will be found to undertake the activities related with variable costs all of its quickly outsourced to them This strat... View the full answer
