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

question 91

Multiple Choice

________ 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)Offshoring
• C)Downsizing
• D)Contracting

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Definitions:

Computer Retailer

A business or individual that sells computer hardware, software, and related accessories and services to consumers.

Houston

The fourth-largest city in the United States, located in Texas, known for its energy industry, particularly oil and natural gas.

Purchasing Power Parity

A theory that states the exchange rates between two currencies are in equilibrium when their purchasing power is the same in both countries.

Foreign Exchange Market

A global marketplace for exchanging national currencies against one another, fundamental for international trade and investment.