Outsourcing is the
A)Unemployment that is inevitable when jobs leave a country.
B)Relocation of production from domestic companies to foreign countries.
C)Loss of output because of an increase in unemployment.
D)Movement of workers to foreign countries where there are more jobs.

Question

Quizplus · Accepted Answer

Outsourcing refers to the relocation of production or services from domestic companies to foreign countries where labor is cheaper or more available. It may result in job losses, but it is not the same as unemployment itself. The loss of output due to unemployment is not the definition of outsourcing. The movement of workers to foreign countries is a possible consequence of outsourcing but is not the definition of outsourcing itself.

Outsourcing Is the