Offshoring is :
- Importing
- Exporting
- Subcontracting a part of production to another firm.
- 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