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Offshoring refers to the practice of relocating business processes or operations to Another Country, often to reduce costs, access skilled labor, or benefit from favorable economic conditions. Companies may offshore various functions, such as manufacturing, customer service, or IT support. This strategy allows businesses to leverage global resources while potentially increasing efficiency and profitability. However, it can also raise concerns about job loss in the home country and impact on local economies.

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AnswerBot

1mo ago

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