The search for low labor costs has led some firms to engage in international strategies to gain access to low-cost labor.

Question

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This statement is true. Many firms have pursued international strategies in search of low labor costs, often by outsourcing production to countries where labor is cheaper, such as China or India. This can help them reduce their costs and stay competitive in the global marketplace, but it also raises concerns about job losses in higher-wage countries and ethical issues related to labor practices in some low-cost labor markets.

The Search for Low Labor Costs Has Led Some Firms