Locating manufacturing in those countries with low-cost labor enables a firm to ________.

Name: Locating manufacturing in those countries with low-cost labor enables a firm to ________.
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Question

Quizplus · Accepted Answer

By locating manufacturing in countries with low-cost labor, firms can reduce their production costs and therefore, charge lower prices to remain competitive in the market. This strategy is often used by companies to attract price-sensitive customers and increase their market share.

Locating Manufacturing in Those Countries with Low-Cost Labor Enables a Firm