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Factors that prompted companies to move to emerging markets around the world include___

User Chydik
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Final answer:

Companies moved to emerging markets due to the shift from manufacturing to service industries, the force of globalization and increased competition from foreign producers, and a reduced desire for unions due to workplace protection laws.

Step-by-step explanation:

The factors that prompted companies to move to emerging markets around the world include:

  1. The shift from manufacturing to service industries: As companies transitioned from manufacturing-based industries to service-based industries, they sought to take advantage of the lower costs and market opportunities offered by emerging markets.
  2. The force of globalization and increased competition from foreign producers: With the onset of globalization, companies faced increased competition from foreign producers. Moving to emerging markets allowed them to reduce costs and stay competitive.
  3. A reduced desire for unions because of workplace protection laws: Emerging markets often have workplace protection laws in place that reduce the need for unions. This makes these markets attractive to companies looking to minimize labor costs.

User Benoit Martin
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