Question

Samsung, a Korean company, has recently announced that its North American operations will be moved from Quebuc to Miami, This is an oxample of:

O Oifishoring
O Implemeiting a global strategy
O Implementing a Multidomestic strategy
O Ro-shoring

Answer 1

Samsung's move of its North American operations from Quebec to Miami is an example of offshoring, a common practice among global corporations seeking to improve efficiency and reduce costs. Option A is correct.

Step-by-step explanation:

When Samsung, a South Korean corporation, announced its decision to move its North American operations from Quebec to Miami, this is an example of offshoring. Offshoring refers to the practice of relocating business operations from one country to another, typically to capitalize on lower costs or other favorable market conditions.

This is different from reshoring, which would mean bringing operations back to the company’s home country, or implementing a multidomestic strategy that involves customizing business strategies for each country where the firm operates.

South Korea, regarded as an economic tiger, has seen its large corporations such as Samsung, Daewoo, Kia Motors, Hyundai, and the Orion Group drive industrialization and global trade. Samsung, as a major player in global electronics, participates in international trade, which is often based on the principle of mutually beneficial exchange, allowing firms like Apple and Samsung to focus on their respective strengths.