SSC MTS EXAM

Detailed explanation-1: -Offshoring often refers to moving entire processes or departments offshore to take advantage of lower labor costs in other countries.

Detailed explanation-2: -Offshoring is when a business relocates or moves part of its operations to a country different from the one it currently operates in. Outsourcing is when a company contracts with another company to do some work for another. This can occur domestically or in an offshoring situation.

Detailed explanation-3: -Outsourcing is when a company hires a third party to perform their task; in other words, when a company employs another company to fulfilling its tasks, it is termed outsourcing. In 1989, it was first recognised as a business strategy, and later, in the 1990s, it became a fundamental part of the business.