Question

Why do many companies choose to have their goods manufactured overseas, where labor costs are low?

Answer 1

Answer:

Reasons why the many companies are manufacturing their goods and services abroad are :

Explanation:

Manufacturing goods abroad is a great profit to the manufacturer due to the availability of raw materials, the factors of production and the labours. Labours play important role in manufacturing of a product. If the cost of labours are low leads to the low cost of production. The ability to consistently mass produce and meet demand is crucial to a company’s success.