TNCs offshoring and outsourcing Flashcards
1
Q
Outsourcing
A
When a business makes a contract with an external organisation to move part of its work there rather than doing it within the company.
2
Q
Offshoring
A
When a company moves part of its operations to another country, usually because labour costs are low.
3
Q
Host country
A
The country that the company had been moved to and receives the work.
4
Q
Source country
A
The country where the business started.
5
Q
Glocalisation
A
When a company adapts its goods to appeal to the local market (eg McDonalds sells rice burgers in china because many people are vegetarians)
