MNCs Often Attempt to Set Up Production in Locations Where

question 10

True/False

MNCs often attempt to set up production in locations where land and labor are expensive, because expensive factors of production indicate high demand.

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Definitions:

Strategic Decisions

High-level, directional choices made by an organization to achieve long-term objectives and secure competitive advantage.

BCG Matrix

The BCG Matrix is a strategic planning tool that helps organizations evaluate their product portfolio based on market growth and market share, categorizing them into four quadrants.

Cash Cows

Business units or products that generate significant cash flows with little investment, typically in a mature stage of their lifecycle.

Market Share

The portion of a market controlled by a particular company or product, reflecting the company's competitiveness. Rephrased.