One of the earliest, and still one of the most powerful, motivations for u. s. companies to invest abroad relates to : obtaining raw materials, labor, and other resources at the lowest possible cost.

factors of production

Explanation:

Production factors is an economic term used to describe the set of elements, objects and factors that will be essential for a given production process in any economy in the country. Traditionally, factors of production are considered essential: land, labor and capital. However, other elements can be considered: obtaining raw materials, labor and other resources at the lowest possible cost.

lbc corporation makes and sells a product called product wz. each unit of product wz requires 4.1 hours of direct labor at the rate of $20.00 per direct labor-hour. management would like you to prepare a direct labor budget for june. the company plans to sell 28,000 units of product wz in june. the finished goods inventories o

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