Question

In: Operations Management

Where do producer services tend to locate(i.e finance, insurance, real estate, legal, advertising,engineering)? Why? Provide example...

Where do producer services tend to locate(i.e finance, insurance, real estate, legal, advertising,engineering)? Why? Provide example of the US, Europe, China, and India.

Solutions

Expert Solution

Where do producer services tend to locate?

Cities which are usually determined by the population and income, easy access to access to head quarters of the multinational companies, finance and banking, business services, media, fashion, tourism and publishing.

Hence from the options in question, finance can be considered as an apt position.

The development of producer services in china is important to break its economic dilemma. Various producer services in the east helped in achieving equilibrium when the middle and the east were in imbalance.

Producer services are very important for economic growth. Producer services in India. For example there are very few services that employ women in India. for example despite increase in numbers in engineering and technology, women students account only for 13% of overall students.

Producer services enjoy greater robust in US and Europe. The producer services in North America or Europe appear to be different than the Asia pacific region.


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