Final answer:
Offshoring is the process of relocating company operations, typically to another country with lower labor costs, and the statement that it moves work from within the U.S. to outside of it is true.
Step-by-step explanation:
The statement that offshoring refers to the movement of work from a company location within the U.S. to locations outside of the U.S. is true. Offshoring is the practice where a company relocates part of its operations, often manufacturing or service-related work, to another country to take advantage of lower labor costs. This is distinct from outsourcing, which is when a company contracts out tasks it once performed internally to an outside firm, which can also be located abroad. The impact of offshoring can be seen in the U.S., where there has been a decrease in certain job sectors, such as manufacturing, as companies seek to reduce expenses and increase efficiency by moving operations to countries with cheaper labor markets.
Step-by-step explanation:
Offshoring is the movement of work from a company location within the U.S. to locations outside of the U.S. It involves physically moving some of a company's operations overseas to access cheaper labor markets. This is different from outsourcing, which is the practice of hiring outside contractors, sometimes abroad, to perform tasks a company once performed internally.