Globalization of resource markets has resulted in the business practice of offshoring, which involves:

Question

Quizplus · Accepted Answer

Offshoring involves outsourcing jobs to other countries, resulting in an outflow of jobs from the US. However, it can also lead to an inflow of jobs in the US, as companies expand their operations and hire more workers to manage their global supply chains. While there may be some losses to consumers in the US due to higher prices, offshoring can also lead to cost savings for businesses that can be passed on to consumers. Therefore, D is the best choice as it acknowledges both the negatives and positives of offshoring.

Globalization of Resource Markets Has Resulted in the Business Practice