Offshoring Is a Process of Creative Destruction; According to This

question 4

True/False

Offshoring is a process of creative destruction; according to this view, firms' innovative activities tend to make mature products obsolete over time.

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Definitions:

Cash Dividends

Payments made by a company from its earnings to its shareholders in the form of cash.

Retained Earnings

Cumulative net earnings or profit of a firm after accounting for dividends; they are reinvested in the core business or to pay debt.

Net Income

The net income of a company once all costs and taxes are deducted from the overall revenue.

Fixed Assets

Long-term tangible assets used in operations, such as machinery, buildings, and equipment, which are not expected to be converted into cash in the short term.