When a company in the U.S. contracts some of their jobs to other firms. These firms may be in the U.S. or overseas. A. Out-Sourcing B. Off-shoring C. Exporting D. Importing
When a company in the U.S. contracts some of their jobs to other firms. These firms may be in the U.S. or overseas. A. Out-Sourcing B. Off-shoring C. Exporting D. Importing
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Question
When a company in the U.S. contracts some of their jobs to other firms. These firms may be in the U.S. or overseas.
| A. |
Out-Sourcing
|
|
| B. |
Off-shoring
|
|
| C. |
Exporting
|
|
| D. |
Importing
|
Expert Solution
WHY OTHER OPTIONS ARE WRONG:
Manufacturing Offshoring is the act of locating parts of a company's operations or services abroad in order to save money.
Exporting is the process by which businesses from one nation sell their products and services to clients or customers in another nation.
An import is an item or service that is purchased outside of its nation of origin. International trade is made up of imports and exports. A country has a negative trade balance or a trade deficit if the value of its imports exceeds the value of its exports.
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