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    Outsourcing productions

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    We know that many American companies, in order to remain competitive, have been practicing outsourcing. However, there are many U.S politicians against this practice. If you are the owner/manager of a company, would you outsource some of your productions?

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    Solution Preview

    The simple answer is YES, I would outsource my production if I can.

    The decision that a manager or owner makes is not for the benefit of others, but for the benefit of the shareholders and owners of the company. That is the primary duty of a firm: to make money for its owners. If by outsourcing production to a different country I can lower the cost of producing a good it will help increase profits of the firm, and hence increase the income of the company's ...

    Solution Summary

    This solution discusses the outsourcing of productions within the context of microeconomics.