Both Economic and Noneconomic Factors Should Play an Important Role

question 3

True/False

Both economic and noneconomic factors should play an important role in location decisions in supply and value chains.

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Definitions:

Inputs

Resources such as raw materials, labor, and capital that are used in the production process to create outputs.

Enterprise

A business or company, especially when considered in terms of its size, complexity, or organizational structure.

Downstream Partners

Companies or entities that perform activities in the later stages of the supply chain, closer to the end consumers, such as distributors and retailers.

Upstream Partners

Businesses or individuals that provide raw materials, components, or services to another company for the production of goods.