Final answer:
Offshoring (option A) is the practice of relocating company operations to another country, often to reduce costs, which is a notable aspect of globalization affecting the global economy and domestic job markets.
Step-by-step explanation:
The activity known as offshoring is when companies opt to purchase land or other resources in other nations to take advantage of cheaper labor markets and operational costs. This practice is distinct from outsourcing, which occurs when a company hires an outside firm to perform tasks it used to perform internally. In the context of globalization, offshoring has become a significant factor in the world economy, influencing job markets and international trade. While it helps companies reduce expenses, it also has led to job losses in developed countries and political controversy over the impact on domestic employment.