Offshoring,
Definition of Offshoring:
The moving of various operations of a company to another country for reasons such as lower labor costs or more favorable economic conditions in that other country.
The practice of basing some of a companys processes or services overseas, so as to take advantage of lower costs.
How to use Offshoring in a sentence?
- As a means to hopefully stave off bankruptcy, the board had decided that offshoring jobs to another country would be the only way to save the company.
- Some companies will use offshoring when they can find a better deal in another country to lower their overhead costs.
- As a means to hopefully stave off bankruptcy, the board had decided that offshoring jobs to another country would be the only way to save the company.
Meaning of Offshoring & Offshoring Definition
