Offshoring Is Moving Processes to Markets That Are Closer to Home

question 24

True/False

Offshoring is moving processes to markets that are closer to home in order to minimize transportation and management costs.

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Definitions:

Physical

Refers to material objects, things that occupy space and can be perceived by the senses.

Accessory Equipment

Refers to additional or supplementary items or devices added to a primary system or machine to enhance its functionality or performance.

Specialty Products

Products that are regarded as unique or high-value, often requiring special effort to find or purchase.

Supplies

Goods or materials provided or available for use, particularly in the context of business operations, production processes, or personal needs.