Three Economic Factors Have a Strong Bearing on Strategy as It

question 177

Multiple Choice

Three economic factors have a strong bearing on strategy as it relates to where to locate disparate business functions and facilities. Which of the following is not a factor?

• A) unemployment rates
• B) cost of medical benefits
• C) availability of critical labor
• D) local labor costs

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Definitions:

Sensation

The process through which the senses pick up visual, auditory, and other sensory stimuli and transmit them to the brain.

Perception

The method through which people arrange and understand their sensory perceptions to assign significance to the world around them.

Difference Threshold

The smallest amount by which a stimulus must be changed in order to notice that the change has occurred, also known as the just noticeable difference (JND).

Stimulus Level

The intensity of a stimulus which may influence the response it elicits from an organism or process.