Techni Asset, a Software Corporation Based in Canada, Used to Operate

question 105

Multiple Choice

Techni Asset, a software corporation based in Canada, used to operate from several countries with lower labour costs. When the firm started to incur high costs of production in the foreign countries and received complaints and criticisms about the loss of local jobs, the firm decided to return to its home country. This change made to the firm's global strategy is an example of ___.

• A) offshoring
• B) outsourcing
• C) nationalization
• D) privatization
• E) reshoring

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Definitions:

Translation Rate

A rate at which one currency is converted into another, used in the preparation of financial statements for companies operating in foreign currencies.

Foreign Operation

A subsidiary, associate, joint arrangement, or branch of a reporting entity, located in a country different from the entity itself.

Propaganda

Data, particularly when it's prejudiced or deceptive, utilized to support a political agenda or perspective.

Media Technology

Refers to the tools and platforms used for creating, distributing, and engaging with digital content and media.