Question

Which strategy do companies use for their financial benefit?

_____ is a business strategy that companies use to reduce____ .

1st blank choices
:outsourcing
price floor
productivity

2nd blank choices
cost
savings
work

Answer 1

i hope this helps. good luck!!

Answer 2

The correct answer is: outsourcing; cost.

Step-by-step explanation:

Outsourcing is a business strategy used by companies to reduce their cost of production.

It can be defined as the business strategy where firms hire someone from outside the firm for a work, or a good that otherwise would incur higher cost if done within the firm.

In outsourcing, both goods as well as services can be obtained from outside the firm.