________ 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) Diversifying
C) Downsizing
D) Contracting
E) Offshoring

E
Explanation: E) Offshoring 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. The resulting lowered production costs allow prices of consumer goods to go down; however, plant relocations away from the United States cause some American workers to lose their jobs. Thus, downsizing U.S. employees is often a result of a company's decision to offshore its manufacturing facilities, though it is not the correct term for a company's relocation of facilities overseas.