Asked by Antonia Divinity on Jul 05, 2024
Verified
Delco Corp.a multinational corporation located in Chicago is planning to relocate its operations in India.The firm has identified that the labor cost and technology available in India would ensure optimum performance of its business operations.Which of the following strategies has Delco Corp.adopted?
A) Exporting
B) Offshoring
C) Nearshoring
D) Licensing
Offshoring
The practice of relocating company operations or functions to another country to reduce costs or access skilled labor.
Multinational Corporation
A company that operates in multiple countries, managing production or delivering services in more than one country.
Labor Cost
The total expense incurred by employing labor, including wages, salaries, and benefits.
- Understand the consequences and tactics of globalization in the context of business practices.
Verified Answer
Learning Objectives
- Understand the consequences and tactics of globalization in the context of business practices.
Related questions
Which of the Following Is an Example of Globalization of ...
Which of the Following Is an Example of Globalization of ...
The Worldwide Interdependence of Resource Supplies, Product Markets, and Business ...
___ Refers to the Process of Growing Interdependence Among Resource ...
The Global Economy Is Characterized by the ___ ...