Which term refers to letting vendors abroad provide services for a firm?

Question

Quizplus · Accepted Answer

Offshoring refers to the practice of hiring vendors or suppliers in other countries to provide services for a firm. This can include anything from call centers to software development to manufacturing. This practice is often used to take advantage of lower labor costs in other countries, but can also present challenges such as cultural and communication barriers.

Which Term Refers to Letting Vendors Abroad Provide Services for a Firm