4.2.3 assessment of a country as a product location

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7 Terms

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important assessments include
cost of production, skills and availability of labour, location in a trade bloc, government incentives, natural resources, likely return on investment
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other factors include
infrastructure, ease of doing business, political stability
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costs of production
low wage economies will see an increase in fdi taking advantage of the labour force
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skills and availability of labour
businesses will move to countries who specialise in the product/service they are selling
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location in a trade bloc
the company may have reduced protectionist measures and can get easier access into new markets
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government incentives
governments will offer incentives for businesses to create jobs
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natural resources
it is sensible to set up production near a natural resources so a supply is guaranteed