Outsourcing is when:
A) consumers buy products made in another country.
B) foreign consumers buy products made in the United States.
C) U.S.firms relocate their production to overseas facilities.
D) the costs of operating are higher in another country.
E) the domestic labor supply shrinks.

Question

Quizplus · Accepted Answer

Outsourcing refers to the practice of U.S. firms relocating their production to overseas facilities, typically to take advantage of lower labor costs and other cost savings.

Outsourcing Is When