What Is the Advantage for a Business That Uses Offshoring

question 46

Multiple Choice

What is the advantage for a business that uses offshoring in their manufacturing process?

• A) Decreased costs
• B) Improved quality
• C) Decreased production time
• D) Increased employee moral
• E) Decreased employee turnover

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Definitions:

Equilibrium Quantity

The quantity of goods or services that is supplied and demanded at the equilibrium price.

Simultaneously Increases

Occurring when two or more variables or conditions rise at the same time.

Supply Decreases

A situation where the quantity of a good or service that producers are willing to sell at a given price falls, often due to increased production costs or external factors.

Equilibrium Price

The market price at which the quantity of goods supplied is equal to the quantity of goods demanded.