Which of the Following Statements Is True About the Location

question 45

Multiple Choice

Which of the following statements is true about the location of production units over the past few decades?

• A) Shifting production activities to locations with lower wages leads to long-term sustainable competitive advantage.
• B) Production units are being shifted from low to high-income countries.
• C) The cost of production is low in emerging markets.
• D) The location of production for mature products is restricted to high-wage countries.

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Definitions:

Instrumental Marxists

Marxist theorists who emphasize the role of economic structures and elites in determining state policies and societal norms.

Business Elite

Business elite refers to the most powerful and influential individuals in the business world, who often have significant control over major corporations, economic policies, and market trends.

Big Business

Refers to large corporations that have a significant influence on the economy and society, often operating on a national or international scale.

Power Resource Theory

A theoretical framework that analyzes the power dynamics between different social classes based on their access to resources.