A firm can respond to one of its competitors' introduction of a lower-priced product by starting to produce its own lower-cost product abroad and importing it.Such a strategy is called
A) insourcing.
B) foreign investment.
C) just-in-time.
D) outsourcing.
E) None of the above

Question

Quizplus · Accepted Answer

Outsourcing is the process of manufacturing abroad in order to lower production costs.

A Firm Can Respond to One of Its Competitors' Introduction