Which of the following refers to engaging in the international division of labor so that work activities can be done in countries with the cheapest sources of labor and supplies?
A) Exporting
B) Joint ventures
C) Contracting
D) Outsourcing
E) None of these

Question

Quizplus · Accepted Answer

Outsourcing refers to engaging in the international division of labor so that work activities can be done in countries with the cheapest sources of labor and supplies. Exporting refers to selling goods or services across international borders. Joint ventures refers to a partnership between two or more companies to pursue a specific project or business activity. Contracting refers to hiring a third-party firm to perform a certain task or service.

Which of the Following Refers to Engaging in the International