Which of the following is true with regard to offshoring?
A)Offshoring is common in the service sector, including banking, software code writing, legal services, and customer-service activities.
B)Russia is the current leader in the processing of advanced economies' relocated business services.
C)Offshoring substantially reduces the overall efficiency of MNEs.
D)With rapid globalization and internationalization of businesses, offshoring is a visibly declining trend.

Question

Quizplus · Accepted Answer

Offshoring is common in the service sector, including banking, software code writing, legal services, and customer-service activities. This helps companies reduce costs and tap into talent pools in other countries.

Answer: None of the other options are true.

B) Russia is not the current leader in the processing of advanced economies' relocated business services. 
C) Offshoring can actually increase efficiency by allowing companies to focus on their core competencies and access specialized skills and resources. 
D) Offshoring is still a popular trend and is expected to continue, fueled by advancements in technology and globalization.

Which of the Following Is True with Regard to Offshoring