Factors That Favor Relocation of Products or Services to Rapidly

question 6

Multiple Choice

Factors that favor relocation of products or services to rapidly developing economies include:

• A)High labor content.
• B)Low growth potential
• C)Standardized manufacturing or service-delivery processes.
• D)All of the above.
• E)(a)and (c)only.

---

Definitions:

Promisee

The party in a contract who is to receive the benefit of the promise or action stipulated in the agreement.

Promisor

A party who makes a promise or commitment in a contract.

Past Consideration

Refers to something of value that was given or an act that was performed in the past, which cannot be considered valid consideration for a current contract.

Binding Contract

A binding contract is an agreement between two or more parties that is enforceable by law, signaling that all parties have accepted the terms whether written or oral.