In order to take advantage of the high quality talent pool,Ernst & Young sets up operations in the Philippines and moves a part of its tax services to its new facility.Identify this strategy.
A) outsourcing
B) franchising
C) offshoring
D) importing
E) liquidating

Question

Quizplus · Accepted Answer

Offshoring refers to moving a part of a company's operations or services to another country to take advantage of its cheaper labor and talent pool. In this case, Ernst & Young is setting up operations in the Philippines to leverage its high-quality talent pool, which makes it an example of offshoring.

In Order to Take Advantage of the High Quality Talent