Tag: emerging service business in india

Questions Related to emerging service business in india

KPO stands for____________.

organization of commerce and management employment opportunities in commerce outsourcing employment opportunities in insurance sector and capital market emerging service business in india

  1. Know Potential Output

  2. Key Public Offer

  3. Knowledge Public Organisation

  4. Knowledge Process Outsourcing

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Correct Option: D
Explanation:

KPO stands for knowledge process outsourcing. It describes the outsourcing of core related business activities that requires expertise which are competitively important and form an integral part of company's value chain.

BPO that is contracted outside a companys country is called __________.

organization of commerce and management employment opportunities in commerce outsourcing employment opportunities in insurance sector and capital market emerging service business in india

  1. offshore outsourcing

  2. near shore outsourcing

  3. both

  4. neither of the above

Show answer
Correct Option: A
Explanation:

Offshore outsourcing is a type of business process outsourcing that involves hiring an external organisation to perform some business functions in a country other than the one where products or services are actually developed or manufactured.

The structure of these businesses will be ________ and the problem they face will be ________ as a result, of the difference.

organization of commerce and management employment opportunities in commerce outsourcing employment opportunities in insurance sector and capital market emerging service business in india

  1. different, same

  2. same, different

  3. different, vary

  4. same, same

Show answer
Correct Option: C
Explanation:

The structure of outsourcing business are different and the results vary upon the different structure of the outsourcing business. 

Need for outsourcing arises due to _______.

organization of commerce and management employment opportunities in commerce outsourcing employment opportunities in insurance sector and capital market emerging service business in india

  1. getting no result in home country

  2. lack of labour in home country

  3. specialized performance

  4. all of the above

Show answer
Correct Option: C
Explanation:

Companies outsource primarily to cut costs i.e. for achieving he economies of scale and also about reaping the benefits of strategic outsourcing such as skilled expertise, specialized performance so that better results can be obtained, eventually generating more profits.

KPO stands for ________.

organization of commerce and management employment opportunities in commerce outsourcing employment opportunities in insurance sector and capital market emerging service business in india

  1. knowledge process outsourcing

  2. knowledge public organization

  3. key public offer

  4. know potential output

Show answer
Correct Option: A
Explanation:

KPO stands for knowledge process outsourcing. It describes the outsourcing of core related business activities that requires expertise which are competitively important and form an integral part of company's value chain.

Near shore outsourcing is  ___________________.

organization of commerce and management employment opportunities in commerce outsourcing employment opportunities in insurance sector and capital market emerging service business in india

  1. contracts done by company with other companies within a company's own country.

  2. contracts done by company with neighbouring countries companies

  3. contract with companies excluding neighboring countries.

  4. none of the above

Show answer
Correct Option: B
Explanation:

Nearshore outsourcing is the one in which a company get its work outsourced from the companies of nation's neighboring countries. For example: any Indian company say, Tata getting one of its work outsourced from Nepal.

One Advantage of outsourcing the services is ________________.

organization of commerce and management employment opportunities in commerce outsourcing employment opportunities in insurance sector and capital market emerging service business in india

  1. it is economical

  2. it helps in diversifying the business

  3. the time zone problem is solved

  4. all of the above

Show answer
Correct Option: A
Explanation:

Companies outsource primarily to cut costs i.e. for achieving he economies of scale and also about reaping the benefits of strategic outsourcing such as skilled expertise, specialized performance so that better results can be obtained, eventually generating more profits.

The contracting of a specific business task, such as payroll to a third party service provider is ______________.

organization of commerce and management employment opportunities in commerce outsourcing employment opportunities in insurance sector and capital market emerging service business in india

  1. BPO

  2. Insourcing

  3. Outsourcing

  4. Offshore outsourcing .

Show answer
Correct Option: A
Explanation:

Business Process Outsourcing, refers to the contracting of specific business tasks such as payroll, human resource or accounting to any third service provider company so that company can focus mainly on its core activities. Usually BPO is implemented as a cost saving measure.

Advantages of BPO is/are
I. Effective use of supply chain partners
II.Quick supplies from the vendors
III.Increased flexibility in its resource management
IV.Increased speed of business processes
Select the correct answer from the options given below.

organization of commerce and management employment opportunities in commerce outsourcing employment opportunities in insurance sector and capital market emerging service business in india

  1. III, I and II

  2. IV, II & I

  3. II, III & IV

  4. I, III & IV

Show answer
Correct Option: D
Explanation:

Business process outsourcing is a form of business where a company sets contract with an outside company for the completion of a task through electronic process in exchange of a certain amount of payment for the company. The advantages of these business are that they promotes effective use of supply chain partners, Increases flexibility in resource management and increases the speed of business process. 

BPO stands for ________________.

organization of commerce and management employment opportunities in commerce outsourcing employment opportunities in insurance sector and capital market emerging service business in india

  1. Bharat Petro Organisation

  2. Business Process Outsourcing

  3. Big Portfolio Outsourcing

  4. Business Partners Organisation

Show answer
Correct Option: B
Explanation:

BPO stands for Business process outsourcing which refers to a form of business where a company sets contract with an outside company for the completion of a task through electronic process in exchange of a certain amount of payment for the company.

This form of business face many challenges in day to day life like the contractual length of the task, the competition and lack of confidentiality of the information shared between the business.

 The advantages of these business are that they promotes effective use of supply chain partners, Increases flexibility in resource management and increases the speed of business process.