Ask Question
BusinessBusiness
13 March, 06:18

A company shuts down a manufacturing site in a city to relocate to a lower-wage region. How does the company's decision impact the city?

+5
Answers (1)
  1. 13 March, 06:33
    0
    See explanation below.

    Explanation:

    Shutting down a manufacturing site in a city can be devastating to the workers who depend on the job for their livelihood. This is even more serious when the manufacturing site is the major employer in the city.

    When a manufacturing site chooses to shut down, it can have the following impacts on the city:

    1. Unemployment: this is because most of the workers will be laid off by the manufacturing site as they relocate.

    2. Emigration: this is because people will try to look for jobs elsewhere, therefore they will leave the city.

    3. Reduction in taxes: taxes will definitely be affected, because the people who have lost their jobs now have no income that taxes can be levied on.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A company shuts down a manufacturing site in a city to relocate to a lower-wage region. How does the company's decision impact the city? ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
A tenant enters into a commercial lease that requires a monthly rent of a minimum fixed amount, plus an additional amount determined by the tenant's gross receipts exceeding $5,000. This type of lease is called a A) percentage lease. B) net lease.
Answers (1)
An effective strategy for protecting yourself against identity theft?
Answers (1)
Let us assume that cloth-making (labor-intensive) and farming (land-intensive) are the only two sectors of production in a country.
Answers (1)
When a speaker is finished talking, you should allow for
Answers (2)
A business decision maker's decision is more likely to raise ethical concerns in a society where
Answers (1)
New Questions in Business
Which of the following groups on the Insert tab contain the command to add WordArt to a publication? Illustrations Text Links Header & Footer
Answers (1)
Avicorp has a $10 million debt issue outstanding, with a 6% coupon rate. The debt has semiannual coupons, the next coupon is due in six months, and the debt matures in five years. It is currently priced at 95% of par value. a.
Answers (1)
In the United States, you can own anything you want and decide what you want to do with it, as long as it does not violate the law. This describes the principle of
Answers (1)
High value-added per employee is associated with: a. capital intensive industries. b. labor intensive industries. c. the shoe industry in 1860. d. the use of unskilled labor.
Answers (1)
How were the earliest benefits of the industrial revolution distributed between Factory owners and workers?
Answers (1)
Home » Business » A company shuts down a manufacturing site in a city to relocate to a lower-wage region. How does the company's decision impact the city?
Sign Up Forgot Password?