An Example of Global Outsourcing Is Seen When Gap Inc

question 172

True/False

An example of global outsourcing is seen when Gap Inc. uses low-cost Caribbean labor to cheaply produce its clothing, and then finishes off and sells its clothing in the United States.

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Definitions:

Agricultural Subsidies

Financial aids and support provided by government agencies to farmers and agribusinesses to supplement their income, manage the supply of agricultural commodities, and influence the cost and supply of such commodities.

Food, Conservation, And Energy Act

A piece of legislation aimed at governing various aspects of food, agriculture, and energy resource management; also known as the Farm Bill.

Smooth Income

The practice or process of stabilizing income over time in order to manage fluctuations and avoid significant variations in earning levels.

Parity

A concept of economic equality or equivalence, such as between currencies or in the income levels between groups.