In order to take advantage of the high quality talent pool,Ernst & Young sets up operations in the Philippines and moves part of its tax services to its new facility.Identify this strategy.
A) outsourcing
B) franchising
C) offshoring
D) importing
E) liquidating

Question

Quizplus · Accepted Answer

Offshoring refers to the practice of relocating a business process or service to a different country, typically to take advantage of lower labor costs or access to a skilled talent pool. In this scenario, Ernst & Young is moving its tax services to the Philippines to tap into the high quality talent pool available in the country, which makes it an example of offshoring.

In Order to Take Advantage of the High Quality Talent