Techni Asset, a software corporation based in the United States, used to operate from several countries with lower labor costs. When the firm started to incur high costs of production in the foreign countries and received complaints and criticisms about the loss of local jobs, the firm decided to return to its home country. This change made to the firm's global strategy is an example of _____.
A) offshoring
B) outsourcing
C) nationalization
D) privatization
E) reshoring

Question

Quizplus · Accepted Answer

Reshoring is the process of bringing back the operations of a company to its home country to reduce costs, improve quality, and enhance customer service. This is exactly what Techni Asset did, as they decided to return to their home country due to the high costs of production in foreign countries and complaints about job losses.

Techni Asset, a Software Corporation Based in the United States