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Single Answer MCQ
Q-00014447

What is the effect of using cheap labor in industries like steel and sugar?

1

Increased production costs

2

Lower operational expenses

3

Higher product quality

4

Reduced efficiency

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Sandeep Chaturvedi

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Answer and Solution

Answer

B. Lower operational expenses

Solution:

Using cheap labor reduces operational expenses, allowing industries like steel and sugar to maximize profits and remain competitive.

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