In which stage of the five stages of becoming a global company does the company transfer the full production process to a single low-cost location?

Product specialization refers to focusing on a specific product or service to enhance quality and efficiency in production. While this may involve optimizing certain aspects of the production process, it does not inherently require relocating the entire process to a low-cost location.

Value chain reengineering involves rethinking and redesigning business processes to improve efficiency and effectiveness. Although it may include some relocation of activities, it does not specifically entail transferring the whole production process to a single low-cost site, as it emphasizes comprehensive process improvement rather than mere relocation.

Creation of a new market focuses on expanding the business's reach by entering new geographical or demographic markets. This stage is centered around market development rather than the logistics of production, making it unrelated to the transfer of production processes.