Which of the following statements is true with respect to offshoring and outsourcing?
A)Offshoring is a subset of outsourcing.
B)Outsourcing is a subset of offshoring.
C)Companies typically engage in either outsourcing or offshoring but not both.
D)Offshoring practices are common in the early stages of the product life cycle.

Question

Quizplus · Accepted Answer

Offshoring refers to a company relocating some of its operations to another country. Outsourcing, on the other hand, refers to hiring a third-party company to perform tasks or services on behalf of the company. Offshoring is a specific type of outsourcing in which the company relocates the operations to another country. Therefore, offshoring is a subset of outsourcing.

Which of the Following Statements Is True with Respect to Offshoring