Winzer Corp.a multinational corporation located in Los Angeles is planning to relocate its operations in Southern Asia.The firm has identified that the labor cost and technology available in the region would ensure optimum performance of its business operations.Which of the following strategies has Winzer Corp.adopted?
A)Exporting
B)Offshoring
C)Nearshoring
D)Licensing

Question

Quizplus · Accepted Answer

Winzer Corp. has adopted the offshoring strategy as it is planning to relocate its operations to Southern Asia to take advantage of the lower labor costs and technology available in the region. Offshoring involves relocating business operations to another country where the cost of labor and other resources is lower.