Cheryl Tech Service Limited is an application service provider that offers payroll and tax preparation services for hundreds of businesses in the Midwest. The firm is considering a major expansion into accounting and financial services and is looking into the possibility of supporting this move by hiring IT subcontractors in several foreign countries. Peter Belmont, Turnkey's president, has asked you to help him reach a decision. Specifically, he wants you to explain the pros and cons of offshore outsourcing. Also present reasons as to why it is better to do in-house software development.