A small cluster of three countries (China, Malaysia, and Korea) are creating a reputation for this type of outsourcing. a. Farshoring b. Nearshoring c. Cloud computing d. Captive center e. Full outsourcing

b. Nearshoring

Explanation:

Nearshoring occurs when the organization decides to transfer the work to the companies which are less expensive and are closer in the geographical region. It enables the business to move closer to their operations. And becomes more cost effective location.

Due to this close proximity, their is lesser time difference, lesser cultural discrepancies and enable to control the decision-making processes.