When a manufacturer ceased operations in Canada, 350 factory employees lost their jobs and the town was severely and negatively impacted by the loss of its biggest employer. The company then established production facilities in India where the workers are paid less and there are fewer workplace regulations. Which of the following terms best describes this corporation's action?
A) corporate downsizing
B) outsourcing
C) deindustrialization
D) business relocation
Correct Answer:
Verified
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