Pear Electronics, a US$-$based, multinational company is considering outsourcing and offshoring to reduce costs and improve operational efficiency. Which of the following statements accurately describe the potential benefits and challenges of these strategies? $($Select TWO correct answers.$)$

Group of answer choices

Outsourcing typically reduces the need for significant capital investment in infrastructure, as the external provider bears those costs.

Outsourcing allows a company to focus on its core competencies by transferring non$-$core functions to external providers, which may result in increased specialization and efficiency.

Offshoring ensures complete control over the quality of goods and services produced in foreign locations, as the company directly manages the operations abroad.

Both outsourcing and offshoring carry risks related to intellectual property theft, data security, and compliance with local regulations in the destination country.

Offshoring can reduce labor costs significantly, but it does not provide access to a broader talent pool or improve time$-$zone coverage for operations.