Techni Asset, a software corporation based in Canada, used to operate from several countries with lower labour costs. When the firm started to incur high costs of production in the foreign countries and received complaints and criticisms about the loss of local jobs, the firm decided to return to its home country. This change made to the firm's global strategy is an example of ___.
A) offshoring
B) outsourcing
C) nationalization
D) privatization
E) reshoring

Question

Quizplus · Accepted Answer

Reshoring is the act of bringing back offshore activities or production to the home country. In this case, Techni Asset made a strategic decision to return to Canada due to high production costs and criticisms about the loss of local jobs. Therefore, it is an example of reshoring.

Techni Asset, a Software Corporation Based in Canada, Used to Operate