Offshoring benefits some firms by reducing their producing costs and maintaining their global competitiveness.

Name: Offshoring benefits some firms by reducing their producing costs and maintaining their global competitiveness.
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Question

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Offshoring allows firms to relocate certain business processes or production operations to countries where labor and production costs are lower, thereby reducing overall costs and enhancing their competitiveness in the global market.

Offshoring Benefits Some Firms by Reducing Their Producing Costs and Maintaining