Because it is the common denominator that we use to compare products and decide which ones we will buy, money functions as a(n):
A) accepted resource.
B) commercial tool.
C) measure of value.
D) store of value.
E) medium of exchange.
Question 2
In 2016, Carrier Corp announced it was eliminating 1400 jobs in Indianapolis, Indiana and moving production to a facility in Mexico. Employees in Mexico will earn approximately 23/hour less than top-paid employees in Indianapolis. This is an example of which consideration when selecting a new facility location?
A) Proximity to major customers
B) Cost of construction and operation
C) Capacity planning
D) Availability and cost of labor
E) Access to key resources
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