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The term "race to the bottom" refers to: a. Seeking to mine valuable minerals from the bottom of the ocean. b. Moving production jobs to the country with the lowest labor cost. c. Efforts to deconstruct the assembly process in manufacturing industries. d. An old concept of globalization that is no longer relevant.

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Answer:

The correct answer is letter "B": Moving production jobs to the country with the lowest labor cost.

Step-by-step explanation:

In the corporate world, "race to the bottom" means seeking for reducing production costs by allocating labor expenses in regions where it is cheap. Typically, companies achieve that goal by outsourcing their operations in less-regulating countries with inexpensive labor costs such as India.

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