ModShoes Inc

question 100

Multiple Choice

ModShoes Inc. decides to move its manufacturing facility from Toledo, Ohio, to Jakarata, Indonesia, because it will have access to lower-cost but still highly skilled labor. This choice reflects the concept of

• A) a planned economy.
• B) supply-and-demand.
• C) location-specific advantages.
• D) an oligopoly.
• E) a comparative advantage.

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Definitions:

Resistance

The act of opposing or striving against something, which can encompass a range of behaviors from passive inertia to active opposition.

Impediment

An obstacle or barrier that delays or prevents progress.

Fear of the Unknown

A psychological phenomenon where individuals feel anxious or fearful about situations or events that are unfamiliar or not understood.

Unfreezing

The initial phase in the change process where individuals or organizations become aware of the need for change.