CL Corp., an automobile manufacturing firm, decided to close its home office in Detroit and open three manufacturing centers across India.The company decided to take advantage of the lower labor and investment costs in India.This scenario is an example of ________.

Question

Quizplus · Accepted Answer

The scenario described is an example of offshoring, which involves a company moving its operations to a different country in search of lower costs, such as labor and investment costs. In this case, CL Corp. decided to close its office in Detroit and open three manufacturing centers in India, taking advantage of lower costs in India.

CL Corp, an Automobile Manufacturing Firm, Decided to Close Its Home