Which statement best describes offshoring?

Multiple Choice

It is the practice of having another company provide services.

It refers to moving operations from the country where a company is headquartered to a country where pay rates are lower but the necessary skills are available.

It is a method of staffing other than the traditional hiring of full$-$time employees.

It is a complete review of the organization's critical work processes to make them more efficient and able to deliver higher quality products and services.

It refers to acquiring a new company in a distant location or another country in order to acquire higher market share or growth.