The term 'offshoring':
A)is synonymous with outsourcing.
B)means that the tasks previously performed in one country are now being undertaken abroad.
C)means shoring-up intellectual capital.
D)means that the tasks that were previously performed in-house are now purchased from another country.

Question

Quizplus · Accepted Answer

Offshoring specifically refers to the relocation of business processes and tasks from one country to another. It is not necessarily the same as outsourcing, which can refer to the use of external companies or contractors regardless of their location. Option C is incorrect as shoring-up intellectual capital is not related to offshoring. Option D is also incorrect as it describes outsourcing rather than offshoring.

The Term 'Offshoring