According to product cycles, what is the major attraction for firms to locate near in the more mature stages of production?

Question

Quizplus · Accepted Answer

In the more mature stages of production, the major attraction for firms to locate near is cheap labor. This is because, at this stage, the technology and processes involved in production are well understood and standardized, allowing firms to seek locations where labor costs are lower to maintain competitiveness and profitability.

According to Product Cycles, What Is the Major Attraction for Firms