Which of the Following Is Likely to Be the Least

question 8

Multiple Choice

Which of the following is likely to be the least important factor for firms in determining production location?

• A)Comparative cost advantage
• B)Environmental standards
• C)Transportation costs
• D)External economies of scale

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Definitions:

Price Skimming

A pricing strategy where a seller charges a relatively high price for a product at first, then lowers the price over time.

Customer Behaviour

Patterns and tendencies among consumers that influence their purchasing decisions and interactions with brands.

Competitor Behaviour

The actions and strategies employed by competitors within the same industry, impacting market dynamics and business decisions.

Management Accountant's Role

Involves providing financial data and advice to a company's management for planning, performance measurement, and risk management.