The use of professional or skilled workers located in countries other than that in which the firm is domiciled is best known as ________.
A) franchising
B) licensing
C) outsourcing
D) importing

Question

Quizplus · Accepted Answer

Outsourcing is the practice of using skilled workers in a foreign country to perform tasks for a firm, often resulting in cost savings and increased efficiency. Franchising and licensing involve using a business model and intellectual property in a foreign country, while importing refers to bringing goods or products into a country from another location.

The Use of Professional or Skilled Workers Located in Countries