Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Offshoring refers to relocating some of a company's operations abroad. Offshoring may occur because labor is cheap in another country. Companies may do because of

Offshoring refers to relocating some of a company's operations abroad. Offshoring may occur because labor is cheap in another country. Companies may do because of low labor costs, cheaper raw materials, or more favorable tax rates.

There are some advantages of offshoring. One advantage is lower labor costs. How is it more affordable for some companies in the United States to pay foreign employees who have lower salaries compared to employees within the country?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting IFRS

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

3rd edition

1119372933, 978-1119372936

More Books

Students also viewed these Accounting questions

Question

1. To generate a discussion on the concept of roles

Answered: 1 week ago

Question

6. What information processes operate in communication situations?

Answered: 1 week ago