Identify the Differences Between Outsourcing and Offshoring and Discuss Their

question 50

Essay

Identify the differences between outsourcing and offshoring and discuss their impact on U.S.labor.

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Definitions:

Manufacturing Firm

A business that produces goods through the use of labor, machines, tools, and chemical or biological processing or formulation.

Reverse Stock Split

A corporate action in which a company reduces the number of its outstanding shares to increase the share price, without changing the company's overall market capitalization.

Share Price

The present rate at which an individual share of a corporation's stock is available for purchase or sale on the market.

Stock Listed

A company's shares that are available for trading on a public stock exchange.