Investing in production facility in a country with low cost of labor is

Question

Quizplus · Accepted Answer

Investing in a production facility in a country with low cost of labor is an example of location-specific advantage. This is because the advantage is derived from the location's lower labor costs, which makes it more cost-effective to produce goods in that location compared to other locations. The other options are incorrect because they either do not apply or are not necessarily true.

Investing in Production Facility in a Country with Low Cost