Offshoring is a good method of globalization for a manufacturing organization because it reduces labor force costs as well as production costs.

Question

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Offshoring involves moving production or services to a different country with lower labor costs or other advantages, which can result in significant cost savings for a manufacturing organization. This can help to improve their competitiveness in the global market and increase profitability. However, it is important to consider the potential risks and challenges associated with offshoring, such as supply chain disruptions, intellectual property issues, and cultural differences.

Offshoring Is a Good Method of Globalization for a Manufacturing