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Sticky Note
Offshoring is :
  1. Importing
  2. Exporting
  3. Subcontracting a part of production to another firm.
  4. Substituting foreign for domestic labor.
Explanation
  • Offshoring is defined in economic and business literature as substituting foreign labor for domestic labor
  • It involves a company relocating parts of its business processes
  • Such as manufacturing, IT, or customer service—to another country

Last updated question by NA on 12-JUNE-2026

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