DigiSmart,a manufacturer of electronic goods in Canada,has moved its manufacturing operations to Costa Rica.This move has helped the company to reduce their production costs and also allowed them to focus on the product design and research activities that lead to new products.The movement of business in this case is an example of _____.

Question

Quizplus · Accepted Answer

The movement of manufacturing operations from Canada to Costa Rica is an example of offshoring, which involves relocating business operations to a foreign country to take advantage of lower production costs or other benefits.

DigiSmart,a Manufacturer of Electronic Goods in Canada,has Moved Its Manufacturing