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Business process outsourcing (BPO)
The process of transferring a particular business task, operation or process to a service provider that is located in a country where labour and operational costs are lower; this is done to reduce overall costs and enable the company to concentrate on its core competencies.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Outsourcing & offshoring
- Category: Business process outsourcing (BPO)
- Company:
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- Acronym-Abbreviation:
Other Languages:
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