When sourcing relies on foreign suppliers or production bases, it is known as global sourcing or offshoring.

Name: When sourcing relies on foreign suppliers or production bases, it is known as global sourcing or offshoring.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Global sourcing or offshoring refers to the practice of sourcing materials, products, or services from suppliers or production bases located in foreign countries to take advantage of lower costs, specialized skills, or other economic benefits.

When Sourcing Relies on Foreign Suppliers or Production Bases, It