A ‘third party can be vertical or horizontal ‘explain ?

1.	A ‘third party can be vertical or horizontal ‘explain ?
Answer» When a company specialises in a particular operation such as preparation of financial statements and performs this task for various industries in the market. It is referred to as horizontal outsourcing.\xa0While, when a company performs more than one task for other one or two industries in the market. It is referred to as vertical outsourcing.\xa0

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