Question

The Johnson Automotive Group recently closed two of its US manufacturing facilities and opened a new facility in Asia to take advantage of lower labor costs and savings in energy costs.

The company made this change in order to benefit from _____.

A. consumer preferences
B. home-country advantage
C. factors of production
D. first-mover advantages

Answer 1

C

Step-by-step explanation:

The Johnson Automotive Group recently closed two of its US manufacturing facilities and opened a new facility in Asia to take advantage of lower labor costs and savings in energy costs.

The company made this change in order to benefit from low cost of factor of production such as Labor, Land, Machines, etc.