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Which statement best explains Offshoring?

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Question ID #25742 UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC Globalization Sectional Test 2026 Medium

Correct Answer: B. Relocating business activities to another country
Offshoring: Relocating business activities to another country

Question: Which statement best explains Offshoring?

A. Tax imposed on imported or exported goods

B. Relocating business activities to another country

C. Investment involving lasting interest and significant influence in an enterprise abroad

D. Increasing cross-border integration of economies, societies, technology and information

Correct Answer: B. Relocating business activities to another countryOffshoring: Relocating business activities to another country

Which statement best explains Offshoring? - MCQ Explanation

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Correct answer: B. Relocating business activities to another country