Seeking Cheaper Sources of Materials or Labour Offshore Is Called

question 3

True/False

Seeking cheaper sources of materials or labour offshore is called offshoring.

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Definitions:

Maintenance Department

The division within a company responsible for maintaining equipment, buildings, and other assets to ensure operational efficiency.

Support Department

Units within an organization that provide essential services or support to the primary operations or production departments, but do not directly participate in profit generation.

Facility-Level Costs

are overhead costs that are not directly tied to production or volume, such as rent, insurance, and security for a factory.

Support Department

A division within an organization that provides essential services or support to production or primary operations departments.