Asked by Lauren Bange on Sep 26, 2024
Verified
Everyone including business executives and politicians agree that offshoring is one of the best aspects of globalization.
Offshoring
The relocation of a business process or operation from one country to another, typically to leverage lower labor costs.
Globalization
Globalization is the process of increased interconnectedness and interdependence among countries, mainly due to trade, investment, and technology.
- Understand the influence of globalization on management tactics.
- Understand the implications of offshoring and its relationship with globalization.
Verified Answer
AT
Audrey Tipton1 day ago
Final Answer :
False
Explanation :
While many may argue that offshoring has its benefits such as cost savings for companies and access to new markets, there is also significant debate and criticism surrounding its effects on jobs and the economy. Not everyone agrees that offshoring is a wholly positive aspect of globalization.
Learning Objectives
- Understand the influence of globalization on management tactics.
- Understand the implications of offshoring and its relationship with globalization.