________ refers to a company's choice to relocate its production facilities overseas or subcontract at least some of the components to foreign companies at low costs.
A) Globalization
B) Diversifying
C) Downsizing
D) Contracting
E) Offshoring

Question

Quizplus · Accepted Answer

Offshoring refers to the practice of a company moving its production facilities overseas or outsourcing certain components to foreign companies in order to take advantage of lower labor costs or other benefits associated with operating in foreign markets. This strategy is often used as a way to reduce costs and increase competitiveness in the global marketplace.

________ Refers to a Company's Choice to Relocate Its Production