Outsourcing allows a company to take advantage of the ________ of other countries, and in doing so it can produce its products at a lower cost.
A) comparative advantages
B) diminishing returns
C) trade imbalances
D) market failures

Question

Quizplus · Accepted Answer

Outsourcing allows a company to take advantage of the comparative advantages that other countries may have in terms of cheaper labor, raw materials, or specialized skills. This can help the company reduce its production costs and increase its profitability.

Outsourcing Allows a Company to Take Advantage of the ________