One disadvantage of a foreign production site is that the production factors typically lag behind the production factors of other countries.

Question

Quizplus · Accepted Answer

This statement is incorrect. Foreign production sites may actually have access to newer and more advanced production factors compared to the home country or other countries. This can include modern equipment, better technology, cheaper labor, and more favorable government policies. However, there may be other disadvantages such as higher transportation costs, communication barriers, and cultural differences that need to be taken into account when setting up a foreign production site.

One Disadvantage of a Foreign Production Site Is That the Production