Offshoring Is Another Term for Outsourcing

question 91

True/False

Offshoring is another term for outsourcing.

Understand the effects of international trade on a country's net imports or exports based on world price and domestic demand and supply.

Explain the benefits and losses associated with tariffs and quotas on international trade.

Identify the conditions under which a country becomes an importer or exporter of a specific good.

Understand the mechanisms through which world supply and demand determine world prices.

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Definitions:

Coercive Power

A form of authority that relies on the use of threats, punishment, or negative reinforcements to influence others' behavior or compliance.

Legitimate Power

A form of authority derived from a position of power within an organization, granting the ability to make decisions, command resources, and enforce obedience.

Shifts Focus

Shifts focus refers to changing the direction of attention, resources, or efforts from one area, subject, or task to another, often to adapt to new priorities or challenges.

Referent Power

A form of influence that derives from the leader's ability to gain respect and admiration from followers, leading them to identify with or emulate the leader.