Which of the following is TRUE with regard to offshoring?
A) Offshoring is common in the service sector, including banking, software code writing, legal services, and customer-service activities.
B) Russia is the current leader in the processing of advanced economies' relocated business services.
C) Offshoring substantially reduces the overall efficiency of MNEs.
D) With rapid globalization and internationalization of businesses, offshoring is a visibly declining trend.

Question

Quizplus · Accepted Answer

Offshoring is indeed common in the service sector, as businesses seek to reduce costs by relocating operations to countries where labor is cheaper. This includes a wide range of services such as banking, software development, legal services, and customer support.

Which of the Following Is TRUE with Regard to Offshoring