Which of the following best explains the concept of 'nearshoring'?
A) Transferring activities that were previously conducted in-house, to a third party in the same country as the customer organization.
B) Transferring activities that were previously conducted in-house, to a provider in a nearby 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 'nearshoring'? 
A) Transferring activities that were previously conducted in-house, to a third party in the same country as the customer organization. 
B) Transferring activities that were previously conducted in-house, to a provider in a nearby 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

Nearshoring refers to transferring activities that were previously conducted in-house to a provider in a nearby low-cost country. This allows companies to reduce costs while still maintaining close proximity to their operations.

Which of the Following Best Explains the Concept of 'Nearshoring