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An Example of Global Outsourcing Is Seen When Gap, Inc

question 100

True/False

An example of global outsourcing is seen when Gap, Inc uses low-cost Caribbean labour to cheaply produce its clothing, and then finishes off and sells its clothing in the United States.

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Definitions:

Family Farm

A farm owned and operated by a family, typically passed down through generations, as opposed to corporate farms owned by companies.

Great Depression

A severe worldwide economic downturn that lasted from 1929 until the early 1940s, marked by massive unemployment and deflation.

1933

A pivotal year during the Great Depression characterized by significant banking crises and the implementation of New Deal policies by President Franklin D. Roosevelt in the United States.

1929

Refers to the year marked by the stock market crash in October, which contributed to the onset of the Great Depression.

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