generic · CBSE Class 11 English medium · BUSINESS STUDIES · Page 27poem

partner starting up a competitive

Chapter 5: EMERGING MODES OF BUSINESS · BUSINESS STUDIES · EN medium

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partner starting up a competitive business. (ii) Sweat-shopping: As the firms that outsource seek to lower their costs, countries. Moreover, it is observed that the IT-sector, what is outsourced is the skills rather than development of the ‘thinking’ skills. (iii) Ethical concerns: Think of a shoe company that, in order to cut costs, developing country where they use child labour/women in the factories. child labour in countries where it is not outlawed or where the laws are ‘weak’, countries: In the course of contracting out manufacturing, marketing, IT-based services, what is ultimately contracted out is ‘employment’ or jobs. suffering from the problem of unemployment. The aforementioned concerns, million people and revenues in excess of $ billion by .

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