With the _____ Approach, an Organization Chooses an Outsourcing Company

question 55

Multiple Choice

With the _____ approach, an organization chooses an outsourcing company in a neighboring country, such as when a U.S. organization chooses a company in Canada or Mexico.

• A) onshore outsourcing
• B) nearshore outsourcing
• C) offshore outsourcing
• D) farshore outsourcing

---

Definitions:

Economic Resources

The inputs used to produce goods and services, including natural resources, labor, and capital.

Consumption

The use of goods and services by households, constituting one of the primary components of GDP.

Price Mechanism

The manner in which the prices of goods or services affect the supply and demand of goods and services.

Capitalist Economies

Economic systems where capital assets are privately owned, and the production and distribution of goods and services are determined by competition in a free market.