__________ takes advantage of international wage gaps by contracting for low-cost goods and services in foreign locations.
A) Insourcing
B) Exporting
C) Global sourcing
D) Reshoring

Question

Quizplus · Accepted Answer

Global sourcing is the practice of sourcing goods and services from different countries, taking advantage of international wage gaps and other regional differences in costs. This can lead to lower production and labor costs, which can help companies remain competitive and boost their profits.

__________ Takes Advantage of International Wage Gaps by Contracting for Low-Cost