Offshoring Is

question 18

Multiple Choice

Offshoring is

• A) when workers in a foreign country are hired by a domestic firm to produce something sold domestically.
• B) importing a manufactured good made by a foreign firm.
• C) exporting a good or service to buyers in other countries.
• D) when domestic workers are hired by a domestic firm to produce something sold exclusively in other countries.

Understand the essential limitations of non-financial measures.

Understand how strategy maps demonstrate cause-and-effect relationships in business processes.

Recognize the reasons why improvements in non-financial performance do not always translate into profitability.

Comprehend different benchmarking strategies and their limitations.

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Definitions:

Exchange Rate

The price of one currency in terms of another currency for conversion purposes.

Brazilian Real

The official currency of Brazil, abbreviated as BRL, and made up of 100 centavos.

U.S. Dollar

The currency of the United States, widely used globally as a standard of exchange and a reserve currency.

Merchandise Valued

The estimated worth or price of goods that are bought and sold in business transactions.