ENTREPRENEURSHIP

Detailed explanation-1: -Offshore outsourcing occurs when an organization contracts for services provided with a company in a foreign country. Onshore outsourcing, or domestic outsourcing, happens when an organization contracts for services provided by a company that operates in the same country as the hiring organization.

Detailed explanation-2: -Offshoring allows companies to maintain complete control over the operation and production of the business. While outsourcing relies on an outside vendor to complete tasks, offshoring relies only on those within the same company.

Detailed explanation-3: -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-4: -Offshoring is the relocation of a business process from one country to another-typically an operational process, such as manufacturing, or supporting processes, such as accounting. Usually this refers to a company business, although state governments may also employ offshoring.