Which term describes relocating work to a foreign location, often for cost advantages in services?

• A. Outsourcing
• B. Offshoring
• C. Reshoring
• D. Globalization

Answer: (B)

Relocating work to a foreign location for cost advantages is offshoring. This term focuses on the geographic shift of operations—from your home country to another country where costs are lower—often seen in services like call centers or software development. Outsourcing describes contracting a function to an external provider, which could be abroad or at home, so it’s about who handles the work rather than where it’s done. Reshoring is bringing previously offshored work back home. Globalization is the broad, ongoing process of increasing global economic interdependence, not a specific move of operations.