When a firm in one nation purchases unfinished products internationally and adds further processing to sell in the domestic market, this is known as:

Question

Quizplus · Accepted Answer

This process is commonly known as offshoring, where a firm sources products or services from abroad to gain a cost advantage or to access specialized skills or technology. In this case, the firm is purchasing unfinished products internationally and adding further processing before selling them in the domestic market.

When a Firm in One Nation Purchases Unfinished Products Internationally