Offshoring refers to:
A) hiring employees from other locations to work in the headquarter of an organization;
B) sending employees to various locations to start their own business;
C) the restructuring of an organization for cost-cut purpose;
D) the relocation of business processes to a lower-cost location;
E) the process of building another copy of an organization in new location;

Question

Quizplus · Accepted Answer

Offshoring is the practice of relocating business processes or services to another country to reduce costs, typically involving manufacturing or services. This is done to take advantage of lower labor costs, tax benefits, or more favorable economic conditions in the other location.

Offshoring Refers To