QQuestionBusiness Management
QuestionBusiness Management
What is the best example of outsourcing
A US shoe company opens a factory in China and hires Chinese workers to make shoes.
A US shoe company opens a factory in the US and hires US workers to make shoes.
A US shoe company opens a factory in the US and hires Chinese workers to make shoes.
A Chinese shoe company opens a factory in China and hires Chinese workers to make shoes.
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Answer
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Step 1Let's solve this problem step by step:
Step 2: Understanding Outsourcing
Outsourcing is the practice of a company moving its production or services to a different location, typically to reduce costs or take advantage of specific resources.
Final Answer
Option 1 represents the most typical and clear-cut example of outsourcing, where a company moves production to another country to reduce costs and leverage international labor markets.
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