Consider the following pairs:
Terms Definition
1. Nearshoring - Rerouting of supply chains to countries perceived as politically and economically safe to avoid disruption.
2. Offshoring - Relocation of business processes to another country, often for lower cost and increased profitability.
3. Friendshoring - Outsourcing of business processes in a country, often sharing a Border.
4. Onshoring - Business transfers operations back to its home country.

How many of the pairs given above are correctly matched?
(a) Only one
(b) Only two
(c) Only three
(d) All four

Question

Consider the following pairs:
Terms Definition
1. Nearshoring - Rerouting of supply chains to countries perceived as politically and economically safe to avoid disruption.
2. Offshoring - Relocation of business processes to another country, often for lower cost and increased profitability.
3. Friendshoring - Outsourcing of business processes in a country, often sharing a Border.
4. Onshoring - Business transfers operations back to its home country.

How many of the pairs given above are correctly matched?
(a) Only one
(b) Only two
(c) Only three
(d) All four

ONLiNE UPSC · Accepted Answer

Pair 2 and 4 are correctly matched.
Pair 1 and 3 are not correctly matched.

	
		
		
	
	
		
			Nearshoring
			Outsourcing of business processes in a country, often sharing a border.
		
		
			Offshoring
			Relocation of business processes to another country, often for lower cost and increased profitability.
		
		
			Friendshoring
			Rerouting of supply chains to countries perceived as politically and economically safe to avoid disruption.
		
		
			Onshoring/Reshoring
			Business transfers operations back to its home country.

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Globalization and Outsourcing

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M Question 1	⏱ 0
Consider the following pairs: Terms Definition 1. Nearshoring - Rerouting of supply chains to countries perceived as politically and economically safe to avoid disruption. 2. Offshoring - Relocation of business processes to another country, often for lower cost and increased profitability. 3. Friendshoring - Outsourcing of business processes in a country, often sharing a Border. 4. Onshoring - Business transfers operations back to its home country. How many of the pairs given above are correctly matched? (a) Only one (b) Only two (c) Only three (d) All four

Nearshoring	Outsourcing of business processes in a country, often sharing a border.
Offshoring	Relocation of business processes to another country, often for lower cost and increased profitability.
Friendshoring	Rerouting of supply chains to countries perceived as politically and economically safe to avoid disruption.
Onshoring/Reshoring	Business transfers operations back to its home country.