Final answer:
True, nearshoring is indeed a practice of outsourcing business processes or services to companies in nearby countries to utilize the benefits of geographical proximity.
Step-by-step explanation:
The statement that Nearshoring is outsourcing to a business partner located outside your country but in the same general geographic area as your business is true. Nearshoring is a subset of outsourcing that involves transferring business processes or services to companies in nearby countries, rather than distant ones, in an effort to take advantage of geographical proximity, cultural, time zone, and possibly linguistic similarities, which can facilitate smoother business operations and coordination.
It contrasts with offshoring, which entails moving operations to countries that may offer cheaper labor but are usually further away, increasing the distance between the company and its outsourced operations.