Outsourcing is when
A) consumers buy products made in another country.
B) foreign consumers buy products made in the United States.
C) U.S.firms shift jobs to outside the company.
D) the costs of operating are higher in another country.
E) the domestic labor supply shrinks.

Question

Quizplus · Accepted Answer

Outsourcing refers to the practice of shifting certain tasks or jobs outside of a company, often to a foreign country where labor is cheaper. This allows firms to lower their operating costs and increase efficiency. Therefore, option C is the best choice as the other options do not correctly define outsourcing.

Outsourcing Is When