A corporate strategy to reduce production cost is to lower the cost of labor.One publicly unfavorable way is to move all or part of the company's operations overseas and use third world labor to minimize cost.This is referred to as:

Question

Quizplus · Accepted Answer

Offshoring refers to moving the company's operations overseas to reduce labor costs. The term "sweatshop labor" refers to exploitation of workers with poor working conditions and low wages, while "migrant labor" refers to workers who move from one place to another to find work. "Developing" is not an appropriate answer as it is a general term and does not specifically refer to the use of overseas labor for cost reduction purposes. Therefore, option B is the best choice.

A Corporate Strategy to Reduce Production Cost Is to Lower