When a company outsources a business activity to a contractor in a foreign country,it is called _____.

Question

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Offshoring refers to the practice of outsourcing business activities to a contractor in a foreign country. Gain-sharing involves sharing profits or cost savings between the company and its employees, while customizing refers to tailoring products or services to meet specific customer needs. Downsizing involves reducing the workforce or overall size of the company.

When a Company Outsources a Business Activity to a Contractor