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Why might a company move its production factory from Texas to Mexico?
To take advantage of lower labor costs
Which of the following describes one of the major economic benefits of free trade between countries?
Answer this question… Companies can lower production costs by producing goods in countries with low average wages.
What is the most likely reason for the chinese subsidies?
By reducing Chinese manufacturers' costs, subsidies would allow these companies to sell panels at lower prices than manufacturers in other countries.
In which situation does one country have an absolute advantage over another country?
When its production costs are lower.
What global factors do companies use to move their company to Mexico?
Lower transportation costs, economies of scale and lower wages qualify as such.
What is an example of lower production costs brought about by the use of technology?
what is an example of lower production costs brought about by technology
How businesses pollute the environment?
C. to lower production costs.
Why might a company move its production factory from Texas to Mexico?
To take advantage of lower labor costs
How does the construction industry software help the companies?
The construction industry software helps companies by providing cheaper ways to manufacture products which in turn lowers the price for consumers. When the construction industry software gets better, the companies' production costs get lower.
Use mass production in a sentence?
Mass production is a good way to lower costs of manufacturing process.
Why do companies locate abroad?
Lower labour costs. Lower tax rates. Lower raw material cost.
Which of the following describes one of the major economic benefits of free trade between countries?
Answer this question… Companies can lower production costs by producing goods in countries with low average wages.
What is the most likely reason for the chinese subsidies?
By reducing Chinese manufacturers' costs, subsidies would allow these companies to sell panels at lower prices than manufacturers in other countries.
What are the characteristics of marketing's production era?
Companies believed that exchanges could be facilitated merely by lowering manufacturing costs, and in turn, passing along the cost savings to customers in the form of lower prices.
What percentage of U.S. companies are utilizing international outsourcing as a key component to lower overhead costs?
Over 45% of U.S. companies are utilizing international outsourcing as a key component to lower overhead costs. Notable companies include Nike, Bank of America and Citi.
What are production costs?
Production costs are costs to produce
In which situation does one country have an absolute advantage over another country?
When its production costs are lower.
