Question

Melrow inc., a u.s. firm, suffers heavy losses and lays off many of its employees. to reduce its manufacturing costs, it shifts its production units to another country where labor costs are less. in this scenario, melrow inc. is engaged in _____. a franchising b offshoring c licensing d outsourcing

Answer 1

Melrow Inc. is engaged in "​outsourcing".

Outsourcing is the business practice with regards to contracting a gathering outside an organization to perform benefits and make merchandise that generally were performed in-house by the organization's own workers and staff. Generally done as a cost-cutting measure, it can influence occupations extending from client support to assembling to the back office.

Outsourcing was first perceived as a business system in 1989 and turned into an essential piece of business financial matters all through the 1990s. The act of outsourcing is liable to impressive contention in numerous nations.