Offshoring is
A)asking an outside organization to perform functions that could have been performed within the organization.
B)the movement of a business practice from one country to another country.
C)purchasing a firm from a foreign country.
D)most prevalent in the auto industry.

Question

Quizplus · Accepted Answer

Offshoring refers to the practice of moving a business function or process from one country to another country. This is often done to take advantage of lower labor costs, as well as other cost savings and efficiencies. It is not the same as outsourcing, which involves contracting with an outside organization to perform functions that could have been performed within the organization. While offshoring is common in many industries, it is not limited to the auto industry. And purchasing a firm from a foreign country is a different business strategy altogether, known as cross-border mergers and acquisitions.

Offshoring Is