ECONOMICS
ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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An El Salvadorian immigrant illegally immigrates to the USA to find work
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An American Tech Company fires it’s American Employees and hires people in Bangladesh to do the same job for 1/4 the cost
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A European worker moves to the USA and gets a high paying job at a tech company.
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An American company decides to change it’s steel contracts from Japanese companies to Chinese companies
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Detailed explanation-1: -The best example of outsourcing Brainly is when a U.S. shoe company opens a factory in another country like China and contracts Chinese employees to make the shoes.
Detailed explanation-2: -1. Contract Manufacturing. Some of the most successful and well-known businesses outsource their manufacturing-including Starbucks, Apple, Nike, and Cisco.
Detailed explanation-3: -Outsourcing business functions is sometimes called contracting out or business process outsourcing. Outsourcing can involve using a large third-party provider, such as a company like IBM to manage IT services or FedEx Supply Chain for third-party logistics services.
Detailed explanation-4: -Job outsourcing helps U.S. companies be more competitive in the global marketplace. It allows them to sell to foreign markets with overseas branches. They keep labor costs low by hiring in emerging markets with lower standards of living. That lowers prices on the goods they ship back to the United States.