What Is the Most Common Reason for Locating Production Facilities

question 33

Multiple Choice

What is the most common reason for locating production facilities overseas?

• A)Access to cheaper labor and operating costs
• B)Gain access to specific skills
• C)Access to additional resources
• D)Exposure to new markets
• E)Opportunity for financial incentives

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Definitions:

Persistence of Effort

The sustained and continuous application of effort towards a goal despite challenges or obstacles.

Need Satisfaction

The fulfillment of a desire or requirement, especially as it pertains to consumer demands or employee expectations.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow that suggests human needs are arranged in a hierarchy, from physiological needs to self-actualization.

Esteem Needs

A concept in Maslow's hierarchy of needs referring to the human desire for respect, self-esteem, and recognition from others.