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  3. explain the purchasing strategy of outsourcing and elaborate on its...

Question: explain the purchasing strategy of outsourcing and elaborate on its...

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Explain the purchasing strategy of “outsourcing” and elaborate on its benefits and risks. Please provide real life examples of firms’ outsourcing practices pertaining to its benefits and risks. What is strategy? Identify three types/levels of strategies. What are the characteristics of each? Please provide an example for each type of strategy.

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