Question

Tipton Manufacturing is based in Lexington, Kentucky. The company does not make the gears it uses in its products, it purchases them from a supplier in Hong Kong. Tipton Manufacturing is practicing

Answer 1

The fact that Tipton Manufacturing buys its products from a supplier in Hong Kong means that's it's practicing global outsourcing.

What is outsourcing?

It should be noted that outsourcing simply means a business practice of hiring a party outside the company to perform a particular service.

In this case, the fact that Tipton Manufacturing buys its products from a supplier in Hong Kong means that's it's practicing global outsourcing.

Learn more about outsourcing on:

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