Offshoring takes place when a firm decides to shift an activity that they were previously performing in a foreign location to a domestic location. True or False True False

Question

Kimberly Schroeder

Business

5 July, 18:16

Offshoring takes place when a firm decides to shift an activity that they were previously performing in a foreign location to a domestic location. True or False True False

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Julianna Cabrera · Answer 1

Answer: False

Explanation: An organization that sends work abroad, hiring foreign labour as a substitute for local labour is known as an offshorer. The process offshoring is occurs when an organization shifts an activity such as accounting or manufacturing etc. that they were performing in a domestic location to a foreign location. They tend to reduce costs in several ways while allowing more jobs to be created in high skilled areas.