Establishing production facilities in or near a market incorporates what type of strategy?
A) offshoring
B) market expansion
C) reshoring
D) value web
E) near-shoring
Answer: E
Explanation: As developing economies generate more demand for products, some manufacturers are establishing production facilities in or near those markets, a strategy known as near-shoring.
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A fixture will not be considered as a part of the realty when ________
A) the fixture is permanently attached to the realty B) the parties value the fixture to be worth less than $500 C) the fixture is affixed in conjunction with the lease of a property for a business D) the parties have agreed in writing to treat that fixture as personal property
Karl agreed to sell his boat to Jeff on July 5 for $10,000 and Jeff paid Karl a $1,000 down payment. They arranged to meet at the marina on July 12 to transfer the boat
When they arrived at the marina on July 12 they were shocked to see the boat had been totally destroyed by a huge storm that had swept through the area on July 10. As a result A) there is a major breach of contract and Jeff can sue for any extra costs he incurs when he buys a replacement boat B) the contract is void due to innocent misrepresentation C) the contract is frustrated and Karl must repay the $1,000 to Jeff D) the contract is breached but Karl can keep the $1,000 E) the contract is void as it is unconscionable