The decision to move a production facility outside of domestic boundaries and still maintain ownership is called
A)insourcing.
B)outsourcing.
C)offshoring.
D)onshoring.

Question

Quizplus · Accepted Answer

Offshoring refers to the decision to move a production facility outside of domestic boundaries while still maintaining ownership, making it the best choice from the given options. Insourcing refers to the delegation of operations or jobs to an organization's own employees or departments, while outsourcing involves the transfer of operations, jobs, or processes to an external third-party vendor. Onshoring is a relatively new term that refers to the practice of bringing offshore jobs or processes back to the domestic workforce.

The Decision to Move a Production Facility Outside of Domestic