What does it mean when a company offshores its jobs?Question 3Select one:a.The act of a company relocating its jobs to a location, outside of the business’s official territory.b.The decision taken by a company to cut its workforce in half, as new technologies can complete these jobs.c.Both A & Bd.None of the above
Question
What does it mean when a company offshores its jobs?Question 3Select one:a.The act of a company relocating its jobs to a location, outside of the business’s official territory.b.The decision taken by a company to cut its workforce in half, as new technologies can complete these jobs.c.Both A & Bd.None of the above
Solution
The correct answer is:
a. The act of a company relocating its jobs to a location, outside of the business’s official territory.
When a company offshores its jobs, it means that it is moving some or all of its operations to a different country. This is often done to take advantage of lower costs, such as lower wages or lower operational costs, in the new location.
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