The Increasing Recognition That Not All Value-Added Functions Are Amenable

question 12

Multiple Choice

The increasing recognition that not all value-added functions are amenable to offshore sourcing made companies like Caterpillar and GE bring some of their manufacturing operations back to the home country. This trend is called:

• A)Reverse shoring
• B)Inshoring
• C)Onshoring
• D)Outshoring

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Definitions:

Nikola Khrushchev

A Soviet politician who served as the leader of the Soviet Union during part of the Cold War, known for initiating the de-Stalinization process and facing the Cuban Missile Crisis.

Tehran Conference

A strategy meeting of Joseph Stalin, Franklin D. Roosevelt, and Winston Churchill from 28 November to 1 December 1943, during World War II, held in Tehran, Iran, which focused on war strategy and post-war reorganization.

Yalta Conference

Meeting of Franklin D. Roosevelt, Winston Churchill, and Joseph Stalin at a Crimean resort to discuss the postwar world on February 4–11, 1945; Joseph Stalin claimed large areas in eastern Europe for Soviet domination.

Iron Curtain

Term coined by Winston Churchill to describe the Cold War divide between western Europe and the Soviet Union’s eastern European satellites.