Final answer:
No, a manufacturer moving a facility to reduce costs is not an example of a cottage industry; rather, it reflects strategies of footloose industries to minimize labor costs and other operational expenses.
Step-by-step explanation:
Relocating a consumer electronics production facility to a rural location as a means to reduce costs does not represent a cottage industry. A cottage industry is typically understood to involve the production of goods from within a person's home, often involving handcrafted products and small-scale production. Instead, the relocation described is an example of a firm looking to cut costs by finding a lower-cost labor market, which is a common practice in footloose industries like the textile industry. Firms often consider various factors including labor costs, capital costs, quality of local transportation, communications, electrical infrastructure, tax levels, and government stability when deciding on a new factory location.