A company deciding to relocate its headquarters to an area o - SHRM-CP Practice Questions
Question
A company deciding to relocate its headquarters to an area of the country that has lower labor costs is an example of:
Answers
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Explanation
The correct answer is B.
A company deciding to relocate its headquarters to an area of the country that has lower labor costs is an example of onshoring.
Onshoring refers to the practice of moving business operations back to the home country, often to take advantage of lower costs while remaining within national borders. This is distinct from offshoring, which involves relocating operations to a foreign country. In this case, the company is not moving its operations overseas but rather relocating within the same country to optimize labor costs.
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