Question: What is the basic trade off that an auto firm faces when deciding where to locate a plant? Group of answer choices It wants to

What is the basic trade off that an auto firm faces when deciding where to locate a plant?

Group of answer choices

It wants to be close to consumers to minimize shipping and transportation costs, but it also wants to locate where the cost of production is lowest

It trades off the likelihood its technology will be stolen vs the size of the foreign market

It trades off the cost of land against the cost of labor

It wants to be close to consumers to maximize the information about consumer preferences, but it also wants to locate where the cost of production is lowest

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

The price elasticity of demand is useful because it measures the responsiveness of _____ to changes in _____. Group of answer choices taxpayers; demand consumers; price consumers; demand producers;...

Question 1 Netflix could be considered an impure public good sometimes because: Group of answer choices it is both rival and excludable we do not have enough information to answer this question it is...

Chapter 7 focused on a set of issues that affect all firms that are trying to construct a locational strategy that spans international borders. We argued that firms should select from amongst many...

Board CHAPTER 1 Economics: Foundations and Models n this book, we use economics to answer questions such as the following What determines the prices of goods and services from bottled water to smart...

4 Files 12:47 PM Mon May 16 Insert Draw Layout Review View Unit 3Microec0nomics Name: ELASTICITY Use the space below to take notes during class. Elastic: Unit Elastic: Inelastic: Perfect...

This is International Business and Trade subject. Please help me answer the following (briefly and concisely): 1. Differentiate Vertical and Horizontal Foreign Direct Exchange Decisions. 2. What do...

MRKT 310 Principles of Marketing Strategic Marketing & Value for the Customer Please use the service offering below; Lyft PRODUCT CHOICE & CONTENT Your focus will be on the domestic, or U.S....

A. Read the starbucks case below and then Answer the 4 questions in this starbucks case 1. Identify the controllable and uncontrollable elements that Starbucks has encountered in entering global...

Please be sure to not copy any answers verbatim. original answers needed will be scanned through the safe-assign system. read the Marketing Debate below What is the Best Way to Position a brand? and...

You have been hired by XYZ University as a consultant. They want you to evaluate an organization to see if a service learning opportunity would benefit future students and the community. Expand your...

Ques 1. How to perform Quality Control tools and techniques in Quality Assurance? List down all the tools and techniques and elaborate only Cause and effect diagram using one case study. Ques 2....

The salary of the manager in charge of overseeing security at Melbourne Ltd ' s factory would be classified as: a . Direct materials b . Direct labour c . Selling and administrative d . Manufacturing...

Hugo decides to buy his Christmas gifts on Black Friday. To simplify his life, he is giving his 10 closest friends scarves for Christmas and everyone else Christmas cards. Hugo is willing to pay up...