Which of the following statements is true of foreign outsourcing?
A) It drives down the cost of production.
B) It is a specialized type of licensing.
C) It helps circumvent government restrictions on importing in closed markets.
D) It is the most basic level of international market development.

Question

Quizplus · Accepted Answer

Foreign outsourcing involves contracting with foreign suppliers to produce products, which can significantly reduce production costs due to lower labor and material costs in other countries.

Which of the Following Statements Is True of Foreign Outsourcing