When american businesses access foreign labor by relocating their stateside operations abroad, the practice is called
A) outsourcing
B) offshoring
C) exporting
D) importing

Question

Quizplus · Accepted Answer

Offshoring refers to the relocation of a company's operations from one country to another, typically to take advantage of lower labor costs. Outsourcing involves hiring another company to perform services or produce goods, often in another country, and importing refers to bringing goods into a country from another country. Exporting refers to selling goods or services to another country.

When American Businesses Access Foreign Labor by Relocating Their Stateside