Which of the Following Circumstances Would Be Least Likely to Lead

question 56

Multiple Choice

Which of the following circumstances would be least likely to lead to a need for a new location?

• A)shifting of markets
• B)depletion of basic inputs
• C)growth in demand that is leading to greater utilization of existing capacity
• D)the need to expand into new markets
• E)the opportunity to take advantage of globalization trends

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Definitions:

Derived Demand

The demand for a good or service that arises from the demand for another good or service, such as the demand for steel being derived from the demand for cars.

Productivity Of Labor

The measure of the output of goods and services produced by labor input, indicating the efficiency of labor use.

Demand For Labor

The need for employees by employers to carry out work, which varies with wage levels and economic conditions.

Inputs That Complement

Resources or goods that are used together in production to increase efficiency or output.