The relocation of business processes by a company or subsidiary to another country,in which the company retains control of the process,is called _____.

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Offshoring refers to the relocation of business processes by a company to another country, while the company retains control over those processes. This is distinct from outsourcing, where the company hires another company to perform tasks, and from contract manufacturing and licensing, which involve specific agreements for production and use of property, respectively. Direct investment involves a firm investing in facilities to produce or market a product in a foreign country.

The Relocation of Business Processes by a Company or Subsidiary