Three economic factors have a strong bearing on strategy as it relates to where to locate disparate business functions and facilities. Which of the following is not a factor?
A) unemployment rates
B) cost of medical benefits
C) availability of critical labor
D) local labor costs

Question

Quizplus · Accepted Answer

While the cost of medical benefits may impact the overall expenses of a business, it does not have a direct bearing on the location of disparate business functions and facilities. In contrast, unemployment rates, availability of critical labor, and local labor costs are all key economic factors that can influence where a company chooses to locate its operations. For example, areas with high unemployment rates may offer a wider pool of potential job candidates, while regions with strong labor markets may allow businesses to be more selective in their hiring. Similarly, the cost of labor can vary significantly from one location to another, impacting a company's overall operating expenses and profitability.

Three Economic Factors Have a Strong Bearing on Strategy as It