Offshoring is also known as outsourcing.

Name: Offshoring is also known as outsourcing.
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Offshoring refers to relocating a business process from one country to another—typically an operational process, such as manufacturing, or supporting processes, like accounting. Outsourcing, however, involves hiring third-party vendors to perform tasks, handle operations or provide services for the company, regardless of the location.

Offshoring Is Also Known as Outsourcing