Question

The low cost of labor in other countries around the globe is a factor that business must consider because they are impacted by ________. a. the social business environmentb. the technological business environmentc. Company's local environment d. Market trends

Answer 1

Answer:

The correct answer is letter "A": the social business environment.

Explanation:

The social business environment includes the society inhabitants' believes, customs, and lifestyles. It determines how businesses are handled in different regions worldwide. When it comes to low costs of labor, it might be beneficial for some companies that can open subsidiaries there to lower production costs but it also represents a struggle for some other firms because their products seem unreachable because of the low wages people earn.