Question 1
Explain what value chain means and apply the term to an offshoring activity that you would likely implement for your company that you work for or for a company that you might create, including three countries of your choice. (75 words)
Question 2
Please explain the term isoquants and apply it to a scenario where this term would be used in outsourcing or offshoring. (75 words)
Question 3
It is widely noted that even though China is the favored destination for manufacturing offshoring, it is far behind India in the business of off-shored services. What differences between these two countries might account for this observation? (75 words)
References
Taylor, A. M., & Feenstra, R. C. (2014). International trade (3rd ed.). New York, NY: Worth.