Which term describes relocating some or all of a business's activities or processes to a foreign location?

The term that accurately describes relocating some or all of a business's activities or processes to a foreign location is offshoring. This practice often involves moving production, services, or other operational functions to another country where costs may be lower and efficiency may be improved. Offshoring enables companies to reduce costs by taking advantage of cheaper labor or more favorable regulations in other nations.

In contrast, outsourcing typically refers to the practice of hiring external organizations to handle certain business functions rather than relocating these operations abroad. Insourcing involves bringing processes that were previously outsourced back in-house, and nearshoring refers to relocating business processes to a nearby country instead of a distant one. Each of these terms has distinct meanings, but offshoring clearly encapsulates the idea of moving activities to a foreign location.