Asked by Julia Michalowski on Jun 11, 2024
Verified
Moving production from outside a country back to the home country is known as _____.
A) homeshoring
B) insourcing
C) outsourcing
D) reshoring
Homeshoring
A practice where businesses hire employees to work from home or a remote location rather than in a traditional office setting, often used as an alternative to offshoring.
Reshoring
The process of bringing back manufacturing and services to a country from overseas to strengthen the local economy and reduce reliance on foreign suppliers.
- Understand the economic and strategic considerations of in-house production versus outsourcing.
Verified Answer
DB
dylan bradshawJun 17, 2024
Final Answer :
D
Explanation :
Reshoring is the process of bringing manufacturing and production back to the company's original country after it had been outsourced to foreign nations.
Learning Objectives
- Understand the economic and strategic considerations of in-house production versus outsourcing.
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