_____ Has Placed Pressure on MNCs to Outsource Production

question 55

Multiple Choice

_____ has placed pressure on MNCs to outsource production.

• A)Mounting cost pressure and profit expectations
• B)Lack of cheap and expert labor
• C)Global and Internal competition
• D)Profit expectation by governments

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Definitions:

Employee Training

Programs and activities designed to improve the knowledge and skills of employees for better performance.

Concession Bargaining

A negotiation process where union representatives agree to give up certain benefits or conditions in exchange for other compensations or to avoid greater losses.

Economic Pressures

Forces that influence the economic behaviors and decisions of individuals, businesses, or economies, often derived from factors like inflation, unemployment rates, or changes in market demand.

Earnings Gap

The difference in average earnings or income between two or more groups, often used to highlight disparities based on gender, ethnicity, or age.