Examlex
Which CPS process component focuses primarily on production of many, varied, or unusual options for solving a problem?
Offshoring
The relocation of a business process or operation from one country to another, typically to exploit lower labor costs or favorable regulatory environments.
Shipping Costs
Expenses associated with transporting goods from one location to another.
Raw Material Costs
Expenses associated with acquiring the unprocessed materials needed to manufacture a product. These costs are a significant component of total production cost.
Total Cost Of Offshoring
The comprehensive calculation of all expenses related to relocating business operations abroad, including setup, operational, and labor costs.
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