An industry uses cheap overseas labour for assembling products.This lowers the price for consumers and is an example of:
A) licensing.
B) joint venture.
C) outsourcing.
D) franchising.
E) none of these.

Question

Quizplus · Accepted Answer

Outsourcing involves contracting out business processes or tasks to external parties, often in different countries, to reduce costs, such as using cheap overseas labor for assembling products.

An Industry Uses Cheap Overseas Labour for Assembling Products