"Offshoring" of certain production activities refers to

A) businesses shifting production activities from being done domestically to foreign locations.
B) businesses acquiring other businesses abroad.
C) investors putting their funds into foreign assets instead of investing them in local businesses.
D) firms opening new markets offshore and expanding their targeted export areas.

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.