Cash Now Industries just hired 500 new workers to build ATMs and self-service check-out systems at its manufacturing plant in Tennessee. The company also plans to hire several hundred more employees by 2021. In the past, these machines were built primarily in Asia. Both shipping costs and quality control were cited as the reasons these companies have elected to change production strategy to
A) competency control.
B) benchmarking.
C) insourcing.
D) outsourcing.

Question

Quizplus · Accepted Answer

U.S. headquartered companies are slowly bringing production back closer to the U.S. consumer. Insourcing refers to the idea to re-think where goods are currently produced. When firms decide to eliminate the production of goods abroad, and start producing goods domestically, or when foreign firms operating in the U.S. decide to produce goods that are sold in the U.S., this is considered insourcing.

Cash Now Industries Just Hired 500 New Workers to Build