Question

learning: business basics
question
which of the following best describes offshoring?
answer
○ it consists of three different kinds of business trade.
○ it consists of websites that make it easier for people to connect.
○ it factors ecological concerns into business decisions.
○ it is the process of relocating production facilities abroad or subcontracting at least some of the components of products to foreign companies around the world.
○ i dont know yet

Explanation:

To determine the correct description of offshoring, we analyze each option:

• The first option refers to types of business trade (unrelated to offshoring).
• The second describes social networking sites (not offshoring).
• The third relates to ecological business decisions (corporate social responsibility, not offshoring).
• The fourth option defines offshoring as relocating production or subcontracting to foreign companies, which matches the concept of offshoring.

Answer:

The fourth option (the one with the description: "It is the process of relocating production facilities abroad or subcontracting at least some of the components of products to foreign companies around the world.")