Question: This question has more than one correct answer and all must be selected.Select all the statements that are true.For a location decision, labour productivity may
This question has more than one correct answer and all must be selected.Select all the statements that are true.For a location decision, labour productivity may be important in isolation, but low wage rates are a more important criterion.Manufacturers may want to locate close to their customers, if the transportation of finished goods is not expensive or difficult.Location decisions are based on many things, including costs, revenues. incentives, attitudes, and intangibles, but not on ethical considerations.Unfavorable exchange rates can offset other savings in a location decision.When innovation replaces cost as a firm's focus for location decisions, the presence of other stateoftheart firms is a plus, not a negative, for the firm's competitiveness.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
