What Is a Convergent Parallel Design? Illustrate the Design

question 69

Essay

What is a convergent parallel design? Illustrate the design.

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Definitions:

Offshoring

The practice of relocating company operations or functions to another country to reduce costs or access skilled labor.

Multinational Corporation

A company that operates in multiple countries, managing production or delivering services in more than one country.

Labor Cost

The total expense incurred by employing labor, including wages, salaries, and benefits.

Private Enterprise System

A private enterprise system is an economic system where private individuals or businesses own and operate the means of production and distribution of goods and services.