Locational Differences in Input Prices, Non Union Labor, and Bargaining

question 76

Multiple Choice

Locational differences in input prices, non union labor, and bargaining power are examples of:

• A)Sources of lower input cost
• B)Sources of higher input cost
• C)Sources of product differentiation
• D)Sources of strengths and weaknesses

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Definitions:

Cash On Hand

The total amount of cash or cash equivalents that a business or individual has accessible immediately.

Cash Equivalents

Short-term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value.

Illegal States

In computing, it refers to conditions or configurations of a system or application that are not permitted or that violate pre-defined rules.

Conversion Period

The time it takes for resources to go through the production process and become finished goods ready for sale.