A report issued by the World Trade Organization described the production of a particular U.S.car.The study showed that 30 percent of the car value goes to Korea for assembly,17.5 percent to Japan for components and advanced technology,7.5 percent to Germany for design,4 percent to Taiwan and Singapore for minor parts,2.5 percent to U.K.for advertising and marketing services,and 1.5 percent to Ireland and Barbados for data processing.This is an example of
A) outsourcing and offshoring.
B) outsourcing and on-shoring.
C) insourcing and offshoring.
D) insourcing and outsourcing.

Question

Quizplus · Accepted Answer

A report issued by the World Trade Organization described the production of a particular U.S. car as follows:30 percent of the car value goes to Korea for assembly, 17.5 percent to Japan for components and advanced technology, 7.5 percent to Germany for design, 4 percent to Taiwan and Singapore for minor parts, 2.5 percent to U.K. for advertising and marketing services, and 1.5 percent to Ireland and Barbados for data processing. Today, we are increasingly witnessing two interrelated trends:outsourcing and offshoring.

A Report Issued by the World Trade Organization Described the Production