Offshoring Is Often Enabled by Trade Secrets and Intellectual Property

question 64

True/False

Offshoring is often enabled by trade secrets and intellectual property, the transfer of which is never regulated nor taxed.

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Definitions:

Segment

A division within a larger entity, often used to describe a part of a market or population group with similar characteristics or needs.

Enterprise Resource Planning

Integrated management software systems that automate and streamline business processes across finance, HR, procurement, distribution, and other departments.

Business Processes

Business processes are sets of tasks and activities that are performed by individuals or equipment to achieve organizational goals.

Off-The-Shelf Coding

Pre-written and readily available software components that can be implemented with minimal modification.