What is offshoring? Describe the types of industries that tend to offshore
What will be an ideal response?
Offshoring is the relocation of a business process or entire manufacturing facility to a foreign country. It is common in the service sector, including banking, software code writing, legal services, and customer-service activities. Large legal hubs have emerged in India that provide services such as drafting contracts and patent applications, conducting research and negotiations, and performing paralegal work, all on behalf of Western clients.
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Cost-based pricing is often product driven
Indicate whether the statement is true or false
The EMV of a decision with three states of nature is $50. If the profit/value of A is 1/3 of B and B is 1/3 of C, determine the profit from A if all three states of nature are equally likely to occur
What will be an ideal response?