Asked by Joshua Gagen on Jun 29, 2024
Verified
Rising labour costs, higher shipping costs, and public criticisms about destroying local jobs can cause global firms to return to their home countries.
Labour Costs
The total sum of all financial remunerations and benefits given to employees in exchange for their work.
Global Firms
Businesses that operate and have market presence in multiple countries around the world.
- Explain and distinguish offshoring from reshoring within the context of international business.
Verified Answer
ZK
Zybrea KnightJul 03, 2024
Final Answer :
True
Explanation :
Rising labour and shipping costs make it less profitable to manufacture goods abroad, while public pressure encourages companies to keep jobs in their home countries.
Learning Objectives
- Explain and distinguish offshoring from reshoring within the context of international business.