In order to take advantage of the high quality talent pool, Ernst & Young sets up operations in the Philippines and moves part of its tax services to its new facility. Identify this strategy.

a. Outsourcing

b. Franchising

c. Offshoring

d. Importing

e. Liquidating

The correct answer is letter "C": Offshoring.

Explanation:

Offshoring describes the moving or corporate processes from one country to another. This includes any process such as production, manufacturing or services. Offshoring is a subcontract of business processes from a country to another usually aiming to spend lower production or labor costs or avoid regulations.

c. Offshoring.

Explanation:

Offshoring is the process by which an organisation relocates some of its business processes to another country. This is done to take gain a competitive advantage or to reduce cost. Operations such as manufacturing and accounting can be moved to another country.

Ernst & Young sets up operations in the Philippines and moves part of its tax services to the new facility to take advantage of the high quality talent pool there.