Single Answer MCQ
Q-00015736
How did Ford Motors benefit from setting up its plant in India?
1
By increasing export costs
2
By gaining access to expensive labor
3
By reducing production costs and accessing new markets
4
By limiting competition
Answer and Solution
Answer
C. By reducing production costs and accessing new markets
Solution:
Ford benefited from lower labor costs and the ability to tap into the large Indian market, allowing for reduced production costs and more competitive pricing in both local and export markets.
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