Some Small Firms Choose to Outsource Internationally in Order to

question 106

Multiple Choice

Some small firms choose to outsource internationally in order to

• A) avoid domestic taxes.
• B) avoid competition from other U.S. companies.
• C) cut costs and access talented foreign employees.
• D) take advantage of legal loop-holes in foreign countries.

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Definitions:

U.S. Farm Products

Goods produced by the agricultural sector in the United States, including crops, livestock, and dairy products.

Demand

The level of demand for a good or service based on consumers' readiness and financial ability to acquire it, at various price points, within a designated period.

Gross Income

The total income received before any deductions or taxes are subtracted.

Bumper Crop

An unusually large harvest of a crop, often leading to a decrease in prices due to increased supply.