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What Is the Role of Labor Productivity in Location Decisions

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Essay

What is the role of labor productivity in location decisions?
Why is it more important than low wages in location decisions?


Definitions:

Products Or Services

The outcomes of a business process or activity, which include tangible goods and intangible deliveries provided to meet customer needs.

Debit Side

The left side of an account in double-entry bookkeeping that records increases in assets, expenses, and decreases in liabilities, equity, and income.

Accounts Receivable

The amount that customers are required to pay a business for the goods or services they have received but have not yet paid for.

Services

Economic activities that provide intangible benefits or satisfactions, not resulting in the ownership of a physical product.

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