Techni Asset, a Software Corporation Based in the United States

question 115

Multiple Choice

Techni Asset, a software corporation based in the United States, used to operate from several countries with lower labor costs. When the firm started to incur high costs of production in the foreign countries and received complaints and criticisms about the loss of local jobs, the firm decided to return to its home country. This change made to the firm's global strategy is an example of _____.

• A) offshoring
• B) outsourcing
• C) nationalization
• D) privatization
• E) reshoring

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Definitions:

Mental Health

A state of well-being in which an individual realizes their own abilities, can cope with the normal stresses of life, can work productively, and is able to make a contribution to their community.

Social Life

Interactions, activities, and relationships that individuals engage in with others in society.

Physical Health

Physical Health pertains to the condition of an individual's body, including all systems' functioning and absence of disease.

General Adaptation Syndrome

A theoretical model describing the body's short-term and long-term reactions to stress, proposed by Hans Selye, comprising three stages: alarm, resistance, and exhaustion.