Increased global competition has resulted in many companies moving their operations to other countries to be closer to new markets.

Name: Increased global competition has resulted in many companies moving their operations to other countries to be closer to new markets.
Brand: Quizplus
Rating: 4.8 (35 reviews)

Question

Quizplus · Accepted Answer

This statement is true. Many companies have moved their operations to other countries to access new markets and take advantage of lower labor and production costs. This is known as offshoring or outsourcing.

Increased Global Competition Has Resulted in Many Companies Moving Their