ENTREPRENEURIAL OPERATIONS
PRODUCTION PLANNING AND CONTROL
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Reshoring is the reverse of outsourcing. It is when organizations choose to bring outsourced activities back into the main business.
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True
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False
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -Offshore outsourcing is a type of outsourcing that involves hiring an external company in another country to perform business functions. This strategy combines elements from both resource management solutions, as it allows companies to benefit from high-quality services while reducing costs.
Detailed explanation-2: -Reshoring is also known as onshoring, inshoring, or backshoring. It is the opposite of offshoring, which is the process of manufacturing goods overseas to try to reduce the cost of labor and manufacturing.
Detailed explanation-3: -Onshoring. Relocating work or services to lower-cost location in the company’s own country. Offshoring. Relocating work or services to third-party providers overseas.
There is 1 question to complete.