Final answer:
Offshoring and outsourcing work to other countries can be driven by cost reduction, increased efficiency, access to specialized skills, and market expansion.
Explanation:
Offshoring or outsourcing work to another country can be driven by various reasons:
- Cost reduction: Companies seek lower labor costs in developing nations.
- Increased efficiency: Outsourcing can lead to more streamlined operations.
- Access to specialized skills: Offshoring allows access to unique expertise.
- Market expansion: Companies may offshore to access new markets.
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