ENTREPRENEURIAL OPERATIONS
PRODUCTION PLANNING AND CONTROL
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
True
|
|
|
False
|
|
|
Either A or B
|
|
|
None of the above
|
Detailed explanation-1: -Offshoring is the transferring activities or ownership of a complete business process to a different country from the country (or countries) where the company receiving the services is located.
Detailed explanation-2: -Offshoring and outsourcing are often confused. Outsourcing simply means delegating business processes to another company or independent contractors. Meanwhile, offshoring involves running a portion of business operations in another country.
Detailed explanation-3: -Outsourcing occurs when a company contracts a specific process out to a third party, finding someone who specializes in whatever needs to be done. Offshoring happens when businesses send in-house jobs overseas. Both may save a company money, but only offshoring specifically means sending jobs out of the country.