Outsourcing

Which are the negatives of NAFTA?

• Increases Trade

  Reduces Cost

  Raises Economic Growth

  Reduce Govt Spending

  Creates Jobs

• Outsourcing

  Environment Damage from Shale Oil

Which were unforeseen problems of NAFTA?

• Outsourcing and food shortages

• Outsourcing and environmental damage from shale oil

• Shale oil fires and factories closing

• Miners left Mexico, Canadian mines closed

American companies hiring foreign workers is known as

• outsourcing

• interdepence

• networking

• sweat equity

What is outsourcing?

• The practice of hiring external firms to handle work normally performed within a company

• The process of selling goods to another country

• The act of merging two companies into one

• The strategy of reducing the workforce to cut costs

Which of the following is a common reason for companies to outsource?

• To increase internal workload

• To access specialized expertise

• To decrease production quality

• To reduce market share

What is a potential negative impact of outsourcing on the domestic workforce?

• Increased job opportunities

• Higher wages

• Job displacement

• Improved working conditions

Which industry is most likely to use outsourcing for customer service operations?

• Agriculture

• Manufacturing

• Telecommunications

• Mining

How can outsourcing affect a company's cost structure?

• Increase operational costs

• Decrease operational costs

• Eliminate all costs

• Have no effect on costs

What is a benefit of outsourcing for small businesses?

• Access to global talent

• Loss of control over processes

• Increased regulatory compliance

• Higher operational costs

Which of the following is a risk associated with outsourcing?

• Improved quality control

• Loss of intellectual property

• Increased employee satisfaction

• Enhanced local employment