Which of the following statements is correct?
A) Some traditional low-cost countries like China have seen significant cost increases
B) The trend of reshoring implies that the cost disadvantages of the U.S. has increased
C) The trend of offshoring has been offset by reshoring in the U.S.
D) All of the above

Question

Quizplus · Accepted Answer

Statement A is correct, as rising labor costs have made countries like China less attractive for low-cost manufacturing. Statement B is incorrect, as the trend of reshoring suggests that the cost advantages of the U.S. have increased. Statement C is also incorrect, as the trend of reshoring does not fully offset the trend of offshoring. Therefore, only A is correct.

Which of the Following Statements Is Correct