learning: business basics\nquestion\nwhich of the following best describes offshoring?\nanswer\n○ it…

learning: business basics\nquestion\nwhich of the following best describes offshoring?\nanswer\n○ it consists of three different kinds of business trade.\n○ it consists of websites that make it easier for people to connect.\n○ it factors ecological concerns into business decisions.\n○ it is the process of relocating production facilities abroad or subcontracting at least some of the components of products to foreign companies around the world.\n○ i dont know yet

learning: business basics\nquestion\nwhich of the following best describes offshoring?\nanswer\n○ it consists of three different kinds of business trade.\n○ it consists of websites that make it easier for people to connect.\n○ it factors ecological concerns into business decisions.\n○ it is the process of relocating production facilities abroad or subcontracting at least some of the components of products to foreign companies around the world.\n○ i dont know yet

Answer

Brief Explanations:

To determine the correct description of offshoring, we analyze each option:

  • The first option refers to types of business trade (unrelated to offshoring).
  • The second describes social networking sites (not offshoring).
  • The third relates to ecological business decisions (corporate social responsibility, not offshoring).
  • The fourth option defines offshoring as relocating production or subcontracting to foreign companies, which matches the concept of offshoring.

Answer:

The fourth option (the one with the description: "It is the process of relocating production facilities abroad or subcontracting at least some of the components of products to foreign companies around the world.")