Delco Corp.a multinational corporation located in Chicago is planning to relocate its operations in India.The firm has identified that the labor cost and technology available in India would ensure optimum performance of its business operations.Which of the following strategies has Delco Corp.adopted?
A)Exporting
B)Offshoring
C)Nearshoring
D)Licensing

Question

Quizplus · Accepted Answer

Offshoring is the strategy where a company relocates its business operations to another country to take advantage of lower labor costs, better technology, or other operational benefits, which is what Delco Corp. is doing by moving its operations to India.