________ 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.

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Offshoring refers to the decision made by a company to relocate its production facilities overseas or subcontract at least some of the components to foreign companies at low costs. Globalization, on the other hand, refers to the process of international integration that results from the exchange of goods, ideas, and culture among different countries. Downsizing means reducing the size or personnel of a company, and contracting refers to an agreement in which a company hires another business or individual to perform a specific task or service.

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