Outsourcing, especially to low labor-cost countries, has grown substantially. Be
ID: 465536 • Letter: O
Question
Outsourcing, especially to low labor-cost countries, has grown substantially. Be sure to address the following in your paper:Analyze the trade-offs between inputs for the productivity improvements. Analyze the advantages and disadvantages of global sourcing versus producing in the U.S. Describe a product or service of a specific low-labor-cost country as an example. Include a recommendation of a low-labor-cost country based on inputs, trade-offs, and going global advantages. Outsourcing, especially to low labor-cost countries, has grown substantially. Be sure to address the following in your paper:
Analyze the trade-offs between inputs for the productivity improvements. Analyze the advantages and disadvantages of global sourcing versus producing in the U.S. Describe a product or service of a specific low-labor-cost country as an example. Include a recommendation of a low-labor-cost country based on inputs, trade-offs, and going global advantages. Outsourcing, especially to low labor-cost countries, has grown substantially. Be sure to address the following in your paper:
Analyze the trade-offs between inputs for the productivity improvements. Analyze the advantages and disadvantages of global sourcing versus producing in the U.S. Describe a product or service of a specific low-labor-cost country as an example. Include a recommendation of a low-labor-cost country based on inputs, trade-offs, and going global advantages.
Explanation / Answer
A trade off is a situation that involves losing one quality or aspect one quality of something in return for gaining another quality or aspect.
The term trade off is having high importance in the unites states political field as Donald Trump is doing the campaign on that.
Advantages of disadvantages of global sourcing
The big companies in the united states are gained alot in revenue as the jobs are transeferred to less developed to states where the cost of the labour is very cheap than United states. This gives them a competitive adavantage over other firms who are not outsourcing. In the short term, these are the gains to the firms in United States but many US citizens lost their job opportunities and become jobless lead to a situation of Unemployment and Under Employment. The Unemployment and under employment already led to income disparities in the United states , which led to the decrease in purchasing power of people. The decrease in Purchasing power of people, causes adverse effect on business which ultimately led to decrease in national GDP Growth rate. Presently United states lost her position of World's Most powerful economy to China. In the contemporary China and India becomes, Wolrd's fastest growing Economies.
product or service of a specific low-labor-cost country as an example.
For manufacturing firms, China is the best destinations as the labour cost is less also raw materials cost is also less. For services like Information Technology and other Banking related Queries India is the Hub. India is rich with productive and educated youth and the cost is very less. Many Us based operations are handled in India especially in service sector. India is also good for manufacturing as well. Firms like Apple and SAMSUNG going to start their manufacturing in India soon as a part Indian governments new economic policy.
Fourth Question asnwer already included in third question.
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.