Explain offshoring as a global business approach.
What will be an ideal response?
Offshoring is a broad term describing a company's relocation of a business process or operation from one country to another. Some aspects of the business are moved overseas, usually as a cost-saving strategy. All offshoring represents international business, and ownership of the offshore firm can be in the form of an acquisition, a merger, or foreign direct investment.
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Define and describe the importance of physical controls
Indicate the group of words in which the number or numbers are correctly expressed. Which is correct?
A) $5, $2.43, and $4.99 B) $5.00, $2.43, and $4.99
Which of these approaches will NOT accelerate the completion of a project?
A) Improve the productivity of existing project resources. B) Increase the bureaucratic oversight. C) Improve the working method. D) Increase the quantity of personnel and equipment.
Key business drivers for B2B include each of the following except
A) the availability of a secure broadband Internet platform. B) the ability to reduce delays. C) the willingness of companies to incur higher costs to improve collaboration. D) the need for collaborations between suppliers and buyers.