Question

Which of the following would be an example-of outsourcing?

A -business owner moves her/his factory overseas to India to hire cheap labor.
B-An entrepreneur works in their home producing vinyl decals on shirts to sell on Etsy
C-An entrepreneur is forced to shut down their business by the government to preserve national resources
D-A business owner chooses to keep their factory in America to provide jobs to Americans.

Answer 1

Outsourcing is an agreement in which one company hires another company to be responsible for a planned or existing activity that is or could be done internally, and sometimes involves transferring employees and assets from one firm to another