A Chicago-based company decides to outsource all product designs to Singapore because it has been found to have the most efficient design companies. In this situation, the Blank______ implication for international business is being considered. Multiple choice question. first-mover location policy trade

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06-06-2022
Business

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A Chicago-based company decides to outsource all product designs to Singapore because it has been found to have the most efficient design companies. In this situation, the Blank______ implication for international business is being considered. Multiple choice question. first-mover location policy trade

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dubeyshailja64 dubeyshailja64 · Answer 1 · 2022-06-14T09:20:05-04:00

In this situation when the company outsources its products the location implication for international business is being considered. Thus the correct answer is B.

What is outsourcing?

Outsourcing is a technique in which a corporation contracts a third party to perform activities, manage operations, or offer services. These outsourcing companies will provide efficient work to the clients.

It arranges its own employees or computer systems to complete the tasks or provide the services, either on-site facilities or at off-site facilities locations.

These outsourcing services will help the business to lower the cost by outsourcing activities from countries where there is the availability of cheap manpower or skilled employees.

These will help to improve the productivity of a business by access to skilled resources and advanced technology. These will improve the efficiency and core competencies of the business.

Therefore, option B location is the correct answer.

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What is outsourcing?

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