Both economic and noneconomic factors should play an important role in location decisions in supply and value chains.

Question

Quizplus · Accepted Answer

Both economic and noneconomic factors, such as political stability, infrastructure, labor availability, and cultural considerations, can impact a company's decision on where to locate its operations in a supply or value chain. Ignoring one type of factor over the other may lead to suboptimal decisions.

Both Economic and Noneconomic Factors Should Play an Important Role