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Klio2033 [76]
3 years ago
5

Gear Electronics used to buy all of its component parts from a local plant in Cleveland, Ohio, but this year it has decided to b

uy the parts from a lower-cost facility located in Tijuana, Mexico. This is an example of __________.
Business
1 answer:
Ivenika [448]3 years ago
8 0

Answer: Trade creation.

Explanation:

The situation described in question is an example of trade creation, where two or more countries can decide to form a trade area where little or no import taxes are paid when trade is carried out, therefore products can be bought from cheaper areas and supplied to consumers at a lower cost.

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Explanation:

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