While Many Developing Countries Are Attractive to Companies Seeking Out

question 30

True/False

While many developing countries are attractive to companies seeking out low labor costs,there are other important factors such as productivity levels,employee skill and education levels,turnover rates,and employment trends that certain industries find just as important,if not more important,in determining facilities' location.

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Definitions:

Ceremonial Event

An occasion or event marked by formal activities or rituals of significance, often relating to cultural, religious, or social traditions.

Village Chief

The leader or head of a village, responsible for governance, decision-making, and coordinating community activities.

Peasants

Rural agricultural laborers, often living in conditions of low socio-economic status and with limited political power.

Informal Economy

Economic activities that occur outside of formal regulatory frameworks, often characterized by small-scale, self-employed or casual jobs that are not recognized by official labor laws or taxes.