offshoring and outsourcing Flashcards
1
Q
what is offshoring
A
moving parts of a business to cheaper counteries
mostly move to emerging counteires with cheaper labour than in UK
2
Q
adv of offshoring
A
cuts down costs
economies of scale
speciailsied suppliers
3
Q
dis of offshoring
A
not good for a businesses image
media often critise for uk job losses caused by offshoring
4
Q
reshoring
A
where business moves departments back to its country of origin
conusmers becoming more aware of fimrs overseas activities seen to treat staff poolry might create bad reputation and face backlash from consumerrs
5
Q
adv of reshoring
A
makes it easier to monitor and control as everything happening in same country
distribtion is better as things dont have to be shipped all around the world
