Alice, the global marketing director of a multinational electronic goods manufacturing firm, is assigned the task of expanding her firm in new markets. She learns that hiring labor is expensive and that the required technical manufacturing equipment is unavailable in the international market. In this scenario, which of the following is most likely affecting the global trade of Alice's firm? A. Limited access to factors of production B. Social Responsibility

Question

Jazmine Adkins

Business

11 January, 11:47

Alice, the global marketing director of a multinational electronic goods manufacturing firm, is assigned the task of expanding her firm in new markets. She learns that hiring labor is expensive and that the required technical manufacturing equipment is unavailable in the international market. In this scenario, which of the following is most likely affecting the global trade of Alice's firm? A. Limited access to factors of production B. Social Responsibility

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Answers (1)

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Addison Burch · Answer 1

Limited access to factors of production.

Explanation:

In Alice's firm they are planning on expanding to new markets, two factors of production have been seen to be the challenge in the planned expansion.

First labor is expensive and secondly manufacturing equipment is unavailable in the international market.