Outsourcing refers to the relocation of production from domestic companies to foreign countries. It is a business strategy used by companies to decrease costs and increase efficiency. It can lead to job losses in the domestic country, but the primary focus of outsourcing is on the relocation of production rather than the movement of workers.

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Outsourcing Is the

Question 61

Multiple Choice

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.

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