Question

_____ involves contracting with another company, usually in a low-cost country abroad, to have it perform a work activity the organization previously performed itself, such as manufacturing, marketing, or customer service.

A) Outsourcing
B) Insourcing
C) Offshoring
D) Homeshoring

Answer 1

Offshoring refers to the practice of moving a company's operations to another country to save on labor costs, and the correct answer to the question is C) Offshoring.

Step-by-step explanation:

The process described in the question refers to contracting with another company, usually in a lower-cost country abroad, to perform work that was previously done in-house, such as manufacturing, marketing, or customer service. The correct answer to this is C) Offshoring. Offshoring is the process of moving some of a company's operations to another country, usually to leverage lower labor costs. This is a separate process from outsourcing, which involves hiring outside contractors to perform tasks regardless of location. Both practices have been utilized by companies to save costs and remain competitive in a global market.