Final answer:
Business Process Outsourcing (BPO) involves shifting jobs or processes to low-cost countries. Asia Print plc provides printing services and is not directly related to BPO.
Step-by-step explanation:
Asia Print plc is a large printing firm that offers a range of services to the industry, such as printed catalogs, leaflets, and brochures. However, the question focuses on the topic of BPO, which stands for Business Process Outsourcing. BPO refers to the practice of shifting jobs or specific business processes from one country to another, often to a low-cost country. It is a key strategy adopted by corporations to cut costs and remain competitive in the global marketplace.
Since 2005, the BPO industry has been growing rapidly. According to the given information, in 2005, the global IT and BPO industry was worth around $34 billion. However, by 2009, the industry had witnessed significant growth, with the amount doubling and tripling in some countries. This growth indicates the increasing demand for outsourcing services.
India has traditionally been a major destination for BPO, but the Philippines is now gaining ground and investing in its infrastructure to capture a larger share of the market. This indicates the competitiveness and demand for BPO services in these countries. Other countries around the world are also part of this outsourcing market, showcasing the global nature of BPO.