Relocating some or all of a business' activities or processes to a foreign location is:
A)offshoring.
B)outsourcing.
C)supply chain management.
D)subcontracting.
E)joint-venture.

Question

Quizplus · Accepted Answer

Offshoring refers to relocating business activities or processes to a foreign location. This can include moving production facilities, customer service centers, or administrative functions to another country. Outsourcing, on the other hand, refers to contracting out specific business processes or tasks to a third-party provider, which can be either domestic or foreign. Supply chain management involves coordinating and optimizing various activities involved in the production and distribution of goods and services. Subcontracting refers to delegating part of a project or contract to another firm, while joint-venture involves two or more companies pooling their resources to pursue a common objective.

Relocating Some or All of a Business' Activities or Processes