What is offshoring?

What is offshoring?
Ankita May-04-2023 06:00:34
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Offshoring is a business practice in which companies move their operations to a different country to take advantage of cost savings and access to specialized talent and resources not available at home. It typically involves either outsourcing non-core business processes to a third-party company in the target country or setting up a foreign office or subsidiary. Offshoring has become increasingly popular in recent years as businesses look for ways to cut costs while still achieving high levels of quality and customer service.
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answered 22 Aug 2023

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