Asked by Mindy Bounheuangvilay on May 06, 2024
Verified
Some people accuse an offshoring firm of "exporting jobs". This activity called offshoring is really equivalent to
A) exporting products.
B) importing products.
C) import tariffs.
D) import quotas.
Offshoring
Refers to the practice of relocating business operations or processes to another country, typically to reduce costs.
Exporting Jobs
The practice of relocating jobs and production facilities from one country to lower-cost or more efficient locations abroad, affecting the labor market in the country of origin.
Importing Products
Activities involving the bringing of goods or services from a foreign country into a domestic market.
- Ascertain and deliberate on the motivations and impacts of transferring manufacturing activities to overseas locations.
Verified Answer
DP
Daniel PierreMay 10, 2024
Final Answer :
B
Explanation :
Offshoring, where a company relocates its business processes to another country, is equivalent to importing products because it involves obtaining goods or services from a foreign country that could have been produced domestically.
Learning Objectives
- Ascertain and deliberate on the motivations and impacts of transferring manufacturing activities to overseas locations.