Location Decisions Should Be Made on the Basis of Labor

question 57

True/False

Location decisions should be made on the basis of labor costs and taxes only.

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Definitions:

Retail Customers

Individuals who purchase goods or services for personal use, not for manufacturing or resale.

Sales Tax

A tax imposed by government on the sale of goods and services, usually calculated as a percentage of the selling price.

Manufacturing Tax

Manufacturing tax refers to taxes imposed on goods produced within a country; the specifics of these taxes can vary by location and product type.

Accounting Firm

An accounting firm is a business that provides services related to accounting, including audit, bookkeeping, tax preparation, and financial consultancy.