Locational differences in input prices, non union labor, and bargaining power are examples of:
A)Sources of lower input cost
B)Sources of higher input cost
C)Sources of product differentiation
D)Sources of strengths and weaknesses

Question

Quizplus · Accepted Answer

Locational differences in input prices, non union labor, and bargaining power are factors that can lead to lower input costs for a firm. They can make a particular location more attractive for a business to establish operations, as it means they can produce goods or services at a lower cost, giving them a competitive advantage. Therefore, these factors are sources of lower input cost.

Locational Differences in Input Prices, Non Union Labor, and Bargaining