Offshoring and Outsourcing (Edexcel A-Level Business): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
ShowHide
Practise the questions
10 questions from this quiz
What does offshoring mean?
What does offshoring mean?
Moving operations to another country
What are the two primary reasons businesses offshore operations?
What are the two primary reasons businesses offshore operations?
Cost reduction & access to skilled workers
What unexpected cost issue can arise from offshoring?
What unexpected cost issue can arise from offshoring?
Management costs may actually increase
Why might offshoring damage a company's reputation?
Why might offshoring damage a company's reputation?
Job losses at home may lead to boycotts
What is the key focus that distinguishes outsourcing from offshoring?
What is the key focus that distinguishes outsourcing from offshoring?
Who performs the work, not where
Which function is commonly outsourced by large businesses?
Which function is commonly outsourced by large businesses?
Payroll processing
Why do businesses outsource to focus on core competencies?
Why do businesses outsource to focus on core competencies?
To concentrate resources on best activities
What risk arises from dependency on outsourcing providers?
What risk arises from dependency on outsourcing providers?
Struggle to bring functions back in-house
What is labour productivity defined as?
What is labour productivity defined as?
Goods/services produced per hour of labour
How does outsourcing differ from offshoring regarding location?
How does outsourcing differ from offshoring regarding location?
Outsourcing can be domestic or international