read the following scenario. a clothing company wants to expand into new regions. it is looking at an urban…

read the following scenario. a clothing company wants to expand into new regions. it is looking at an urban area with a large number of vacant warehouses. the population is made up of people with average educations and a lower standard of living. the company is experiencing slower sales but has hopes that product will take off and be successful. which of the factors of production will the company need to address most closely when making its decision to expand? land capital land and labor labor and capital

read the following scenario. a clothing company wants to expand into new regions. it is looking at an urban area with a large number of vacant warehouses. the population is made up of people with average educations and a lower standard of living. the company is experiencing slower sales but has hopes that product will take off and be successful. which of the factors of production will the company need to address most closely when making its decision to expand? land capital land and labor labor and capital

Answer

Answer:

D. labor and capital

Brief Explanations:

The company needs labor to operate in the new area. With slower - sales and hopes for success, capital is also crucial for investment and operations. Vacant warehouses (land) are already available, so labor and capital are the most critical factors of production to address.