Which financial reason is given for considering a foreign production location?

1. There are often sound financial reasons for considering a foreign location. 2. The leading one is that labor costs are considerably lower in countries such as Singapore, China, India, and Mexico. 3. Foreign countries may also have fewer regulations governing how factories operate. 4. A foreign site can also move production closer to new markets and cut shipping costs, but free raw materials and guaranteed high prices are not on offer anywhere. _Source: OpenStax Introduction to Business (CC BY 4.0), Ch 10 "Achieving World-Class Operations Management", section International Location Considerations_