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A large U.S. conglomerate opened offices in Beijing, Mumbai, and Kuala Lumpur. What were they utilizing by relocating business activities to lower-cost locations overseas? Nearshoring O Offshoring O Outsourcing O Employee sourcing What happens to the demand curve when the overall market demand for gasoline decreases? O The existing demand curve line will slope downward at a steeper angle A new demand curve is created, extending downward. A new demand curve is created, shifting left or right The existing demand curve line will remain unchanged due to price equilibrium.

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By relocating business activities to lower-cost locations overseas, the large U.S. conglomerate was utilizing offshoring. Offshoring refers to the practice of moving business operations or services to another country to take advantage of lower labor and production costs.

Regarding the demand curve for gasoline, when the overall market demand for gasoline decreases, a new demand curve is created, shifting left or right. The demand curve represents the relationship between the price of a good (in this case, gasoline) and the quantity demanded at each price. A decrease in overall market demand for gasoline would lead to a shift of the demand curve to the left, indicating a lower quantity demanded at each price level.
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