Offshoring §

Group: 4 #group-4

Relations §

• Globalization: Offshoring refers to the relocation of business processes or services to other countries as part of globalization strategies.
• Outsourcing: Offshoring is a type of outsourcing where work is relocated to a different country, often to take advantage of lower labor costs.
• Globalization: Companies offshore operations to other countries to take advantage of lower costs, enabled by globalization.