Match each of the global business practices with an example of its use.

a. offshoring a u. s. car company begins making certain car parts in bangladesh.

b. outsourcing a japanese car company opens a factory in the united states.

c. insourcing a u. s. car company hires a south korean company to make its tires.

Question

Business

Dominick Harrington

30 August, 02:33

Match each of the global business practices with an example of its use.

a. offshoring a u. s. car company begins making certain car parts in bangladesh.

b. outsourcing a japanese car company opens a factory in the united states.

c. insourcing a u. s. car company hires a south korean company to make its tires.

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Answers (1)

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Rosa Henson · Answer 1

a. Offshoring : A U. S. car company begins making some of its car parts in Bangladesh

Offshoring occurs when a company takes some of its processes to services to another country or countries in order to take advantage of the lower cost conditions prevailing there.

b. Outsourcing: A U. S. car company hires a South Korean company to make its tires.

Outsourcing refers to the practice of procuring products or services from an overseas or foreign supplier instead of obtaining them from a domestic supplier.

c. Insourcing: A Japanese car company opens a factory in the United States

Insourcing refers to the practice of using its own personnel and resources to accomplish its task.