Which strategy do companies use for their financial benefit?

is a business strategy that companies use to .

1st blank choices
: outsourcing
price floor
productivity

2nd blank choices
cost
savings
work

The correct answer is: outsourcing; cost.

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.

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