The Terms 'Offshoring' and 'Outsourcing' Refer to the Same Thing

question 7

True/False

The terms 'offshoring' and 'outsourcing' refer to the same thing.

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Definitions:

Prospecting

The search for potential customers or clients for a business's products or services.

Human Needs

Fundamental requirements that individuals seek to fulfill, such as physiological, safety, love, esteem, and self-actualization needs.

Hierarchy

An organizational structure that ranks individuals or elements according to levels of importance, authority, or seniority.

Organizational Buyers

Entities that purchase products or services for use in the production of other goods and services, for resale, or for the organization's operations.