Question

If a company decides to outsource to a company in another country that is close in proximity as well as culturally, economically, and politically similar, they are using this type of outsourcing.
(A) Nearshoring
(B) Insourcing
(C) Outsourcing
(D) Offshoring

Answer 1

The correct answer is (A) Nearshoring

Explanation:

Outsourcing is a common strategy used by companies and businesses, this involves transferring part of the functions or work to a different company or business by hiring it. In the case of nearshoring outsourcing, this occurs when the company that is hired locates in a country that is near to the one main company. Additionally, this proximity often means a similar time zone, culture, history, etc. which facilities all the process of outsourcing. Additionally, nearshoring is the opposite of offshoring in which outsourcing occurs in a country that is far. According to this, the type of outsourcing described is nearshoring because the company hired is close in proximity and shares multiple similarities.

Answer 2

Answer:

(A) Nearshoring

Explanation:

According to my research on company strategies, I can say that based on the information provided within the question they are using a type of outsourcing called Nearshoring. This is usually done in order to cut expenses as well as being able to guarantee better controls which will in term lead to higher quality products.

Nearshoring allows companies to bypass language barriers and cultural learning curves and reduce travel expenses. Nearshoring provides many benefits, such as cutting expenses and guaranteeing better controls that will lead to higher quality products.

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