Examlex
________ is an example of a ________ .
Comparative Advantage
The ability of an individual, firm, or country to produce a good or service at a lower opportunity cost than competitors.
Offshoring
The practice of relocating business processes or production to another country, often to reduce costs or take advantage of favorable economic conditions.
Production Activities
The processes and operations involved in the creation of goods and services, encompassing everything from resource gathering to the final output.
Foreign Locations
Foreign locations refer to places outside a company's home country where it conducts business activities, including offices, factories, or stores.
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