DEVELOPMENTAL PSYCHOLOGY
ADULTHOOD PHYSICAL COGNITIVE AND SOCIAL DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Creating more jobs for people in your country
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Moving jobs to other countries for cheap labor
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Making the workforce more technological
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None of the above
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Detailed explanation-1: -Offshoring. Relocating work or services to third-party providers overseas. Nearshoring . Relocating work or services to people in nearby, often bordering regions and countries.
Detailed explanation-2: -Low-cost country sourcing (LCCS) is procurement strategy in which a company sources materials from countries with lower labour and production costs in order to cut operating expenses. LCCS falls under a broad category of procurement efforts called global sourcing.
Detailed explanation-3: -Outsourcing and offshoring are two popular options for businesses to take their operations overseas. If you’re not familiar with the two terms, outsourcing involves moving some or all business operations to a third party whereas offshoring involves physically doing business in a different country.
Detailed explanation-4: -Outsourcing is when a company hires a third party to perform their task; in other words, when a company employs another company to fulfilling its tasks, it is termed outsourcing. In 1989, it was first recognised as a business strategy, and later, in the 1990s, it became a fundamental part of the business.