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In business for more than 30 years, you've seen the market for the engine parts you manufacture fluctuate, and you've learned the hard way that
In business for more than 30 years, you've seen the market for the engine parts you manufacture fluctuate, and you've learned the hard way that you've got to run a cost-effective business to weather the lean years. Recently, you've been wondering if you should invest in a new manufacturing plant in Asia or South America, where local raw materials and labor are less expensive. But then you'll have to balance that with the cost of the new plant, as well as the expense of shipping the finished goods back to your customers in the U.S. Which of the following provides the strongest motivation for you to expand globally? Group of answer choices Economies of scale Economies of scope Low-cost production factors Innovation
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