Elaborate if there is any similarity between offshoring and outsourcing. Discuss few factors a company may consider in offshoring or re-shoring its operations. Explain globalization in these context of outsourcing and offshoring
Elaborate if there is any similarity between offshoring and outsourcing. Discuss few factors a company may consider in offshoring or re-shoring its operations. Explain globalization in these context of outsourcing and offshoring
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Q1) Offshoring means obtaining products and services from operations that are based outside one’s own country where as Outsourcing means deciding to buy-in products or services rather than perform the activities in-house. Re-shoring is the process of returning the production and manufacturing of goods back to the company's original country.
answer the following questions:
- Elaborate if there is any similarity between offshoring and outsourcing.
- Discuss few factors a company may consider in offshoring or re-shoring its operations.
- Explain globalization in these context of outsourcing and offshoring.
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