Offshoring ALevel amp IB Business

>> YOUR LINK HERE: ___ http://youtube.com/watch?v=L2hyhI_j8S0

The concept of offshoring is introduced by Jim in this video for business students. • Offshoring involves the relocation of business activities from the home country to a different international location. • It is the changed international location of where the business activity is performed that is key to understanding offshoring. • Offshoring has traditionally been associated with the relocation of manufacturing activities from a domestic economy overseas (e.g. from the US to China, or UK to Poland). • However, offshoring is also increasingly common with business services (e.g. UK financial services using call centres based in India). • Why might a business decide to change the international location of where its business activities are undertaken? Key reasons include: • To access lower manufacturing costs (particularly in emerging markets which enjoy the advantage of lower labour costs) • To access potentially better skilled higher quality supply • To makes use of existing capacity overseas • To take advantage of free trade areas and avoid protectionism • To make it easier to supply target international markets (where it is important to be located in, or near to, those markets) • #alevelbusiness #businessrevision #aqabusiness #tutor2ubusiness #alevels #edexcelbusiness #businessalevel • VIDEO CHAPTERS • 0:00 Introduction • 0:13 Offshoring in Action • 0:43 What is Offshoring? • 1:00 Key Features of Offshoring • 1:44 Be Careful with the Difference Between Offshoring Outsourcing • 2:11 Why Do Businesses Use Offshoring? • 3:26 Potential Drawbacks with Offshoring

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