Prextos Corp., after incurring losses, decides to move its manufacturing unit to a foreign location where it would get labor at cheaper rates. In this scenario, Prextos Corp. is planning to employ _____ to cut down its losses.
A) lean production
B) offshoring
C) vertical integration
D) outsourcing

Question

Quizplus · Accepted Answer

Prextos Corp. is planning to employ offshoring, which involves relocating a business process or operation from one country to another, typically to leverage cost advantages such as cheaper labor.