Which of the following best explains the concept of 'offshoring'?
A) Transferring activities that were previously conducted in-house, to a third party.
B) Transferring activities that were previously conducted in-house, to a provider in a low-cost country.
C) Transferring activities that were previously externally, to another third party.
D) Transferring activities from one section of the organization to another.

Question

Which of the following best explains the concept of 'offshoring'? 
A) Transferring activities that were previously conducted in-house, to a third party. 
B) Transferring activities that were previously conducted in-house, to a provider in a low-cost country. 
C) Transferring activities that were previously externally, to another third party. 
D) Transferring activities from one section of the organization to another.

Quizplus · Accepted Answer

Offshoring involves transferring activities that were previously conducted in-house to a provider in a low-cost country.

Which of the Following Best Explains the Concept of 'Offshoring