It is known that India has benefited in Information technology and voice service jobs in an attempt by MNC to reduce their overall white-collar job costs. This international formulating strategy is called.

Answer: Outsourcing

Explanation: In simple words, outsourcing refers to the process in which one firm in the industry transfers its operations to some other firm. The job transferred under outsourcing could have been performed by the transferring firm internally.

This transfer is done with objective of enhancing quality, reduction of cost, reduction of internal workload and sometimes all of these factors. In some outsourcing agreements the firms even interchange assets and technical knowledge.