The practice of a company relocating an operation to a foreign location is called______.
A) Offshoring
B) Onshoring
C) Outsourcing
D) Insourcing

Question

Quizplus · Accepted Answer

Offshoring refers to the practice of relocating an operation to a foreign location, typically to reduce costs or take advantage of favorable conditions in the new location. Onshoring refers to the opposite practice of bringing an operation back to the domestic location, while outsourcing involves contracting with another company to perform a specific task or function. Insourcing refers to the practice of performing a task or function internally rather than outsourcing it.

The Practice of a Company Relocating an Operation to a Foreign