GENERAL KNOWLEDGE

Detailed explanation-1: -"Offshoring” is a company’s relocation of a business process from one country to another. This typically involves an operational process, such as manufacturing, or a supporting process, such as accounting.

Detailed explanation-2: -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.

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: -"text": “The process of relocating business processes and operations to other countries is known as offshore. It is commonly used to describe the outsourcing of jobs to foreign countries, but it can also refer to the relocation of an entire company’s operations."

Detailed explanation-5: -Offshoring is often referred to as outsourcing, although the meanings are quite different and are not synonymous. A company may choose to offshore activities while using insourced resources and/or outsourced resources. Multinational companies are frequent practitioners of offshoring business processes.