In Some Industries, Particularly Labor-Intensive Ones, the Only Way to Achieve

question 5

Multiple Choice

In some industries, particularly labor-intensive ones, the only way to achieve competitive costs is to manufacture in a country where

• A) human resources are low.
• B) labor costs are low.
• C) labor costs are high.
• D) the  demand for laborers is high.
• E) organizations are highly centralized.

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Definitions:

Advertise

Advertise is to publicly announce or promote products, services, or events through various media to attract interest or engagement from the target audience.

Auction

A public sale in which goods or properties are sold to the highest bidder through a competitive bidding process.

Withdrawn

Refers to the act of removing something from consideration, cancellation of a claim, statement, or participation.

Auctioneer

A person authorized to conduct auctions, overseeing the bidding process and finalizing the sale of items.