The Global Impact of Offshoring Includes

question 5

Multiple Choice

The global impact of offshoring includes:

• A) growth of manufacturing jobs in developed countries.
• B) creation of a new international division of labor with more manufacturing in peripheral countries.
• C) more manufacturing profits captured by developing countries.
• D) more global impacts on production, but less on component production and sales.
• E) relocation of corporate headquarters to offshore locations.

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Definitions:

Competition-Led Pricing

A pricing strategy where the prices are determined primarily by the prices of competing products or services in the market.

Ergonomic Chair

A chair designed to provide optimal comfort and support to the body, reducing strain and injuries related to poor posture.

Higher-End Price

A pricing strategy that sets the cost of goods or services at the upper range of the market, targeting consumers willing to pay more for perceived quality or prestige.

Price Skimming

A pricing strategy involving setting high initial prices for a new product to maximize profits from the segment of consumers willing to pay a premium before lowering the price over time.