What term describes the strategic decision of an organization to outsource non-core business processes to third-party vendors while keeping core competencies in-house?

Explanation

• Business Process Outsourcing (BPO) transfers operational non-core activities (such as payroll or customer support) to external specialists.
• It allows organizations to streamline operations, reduce overhead costs, and focus resources on core competencies.
• Offshoring specifically refers to relocating business functions across international borders.