"Offshoring" is shifting an activity of the value chain outside a firm's home country

Name: "Offshoring" is shifting an activity of the value chain outside a firm's home country
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This definition of offshoring is correct. Offshoring involves outsourcing or shifting an activity of the value chain outside a firm's home country to take advantage of lower labor costs, tax benefits, or other factors that can make production more efficient or profitable.

"Offshoring" Is Shifting an Activity of the Value Chain Outside