Economics B A-Level
Outsourcing
What Outsourcing means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Outsourcing
Check what you remember
Read the wording for your board, then hide it and explain Outsourcing in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
Occurs when a business contracts out a process, such as IT support, to a third-party specialist.
Topics that use Outsourcing
- Conditions that prompt trade (Pearson Edexcel A-Level)
Related terms
- Capacity utilisation
- Domestic competition
- Economies of scale
- Extension strategies
- Fixed costs
- Global supply chains
- International competitiveness
- International trade
Using Outsourcing in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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